The Estée Lauder Companies Inc. (NYSE: EL) today announced the appointment of René Lammers, Ph.D. as Executive Vice President, Chief Research & Innovation Officer, effective October 1, 2025. Mr. Lammers will report directly to Stéphane de La Faverie, President and Chief Executive Officer, and will join the company’s Executive Team.

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René Lammers, Ph.D., Executive Vice President, Chief Research & Innovation Officer

“René is an exceptional and innovative leader whose deep scientific expertise, global perspective, and passion for cutting-edge product development will be instrumental as we transform our approach to research and innovation to more fully align with our focus on consumer centricity,” said Mr. de La Faverie. “Creating transformative innovation is integral to our strategic vision of Beauty Reimagined, and with René’s leadership, we are elevating our capabilities to deliver even more breakthrough new products as well as on-trend innovation more quickly across prestige price tiers. With this appointment, I am excited that my Executive Team is now complete and positioned to lead the company into its next chapter of growth and transformation.”

As Chief Research & Innovation Officer, Mr. Lammers will lead the evolution of The Estée Lauder Companies’ global Research & Innovation capabilities, including product and clinical innovation, scientific affairs, regulatory strategy, and upstream technologies across the company’s brand portfolio. He will help advance the company’s high-touch innovation model, bringing forward disruptive technologies and new science-based platforms that elevate performance, quality, safety, and sustainability. He will oversee the company’s Research and Innovation Centers worldwide and place a focus on delivering fast-to-market, on-trend innovation across in-demand subcategories, benefits and occasions. He will also advance collaborations with leading global scientific and academic institutions, and drive further external innovation with strategic partners, particularly in critical areas like biotechnology and longevity science.

Drawing on nearly 30 years of experience, Mr. Lammers brings a rare blend of deep scientific expertise with a passion for serving consumers, making him an ideal leader to Create Transformative Innovation, which is one of the action plan priorities of Beauty Reimagined. His consumer-first mindset and proven ability to develop and scale global innovations will help unlock new growth across categories and channels while reinforcing its legacy of scientific excellence and consumer trust.

Mr. Lammers joins The Estée Lauder Companies from PepsiCo, where he most recently served as Executive Vice President and Chief Science Officer, overseeing a 3,000-person global Research & Development organization. There, he created and scaled some of the world’s most beloved food and beverage products, shaping innovations that reached and delighted diverse consumers across the globe. He spearheaded PepsiCo’s science and technology agenda, scaling billion-dollar platforms, and driving breakthrough innovation and sustainability advances that blended scientific rigor with consumer insights. Prior to PepsiCo, René held senior leadership positions at Unilever, where he developed pioneering technologies across personal care, home care, and laundry, and established innovation hubs across Europe and Asia.

Mr. Lammers holds a Ph.D. in organic chemistry from Delft University of Technology and a master’s degree from Leiden University. He currently serves on the Board of the New York Hall of Science and is a Commissioner for the National Commission on Innovation and Competitiveness Frontiers, an initiative of the U.S. Council on Competitiveness.

Cautionary Note Regarding Forward-Looking Statements

Statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include those in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company’s expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement the Company’s strategy, including Beauty Reimagined and the profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company’s filings with the Securities and Exchange Commission, including its most recent filings with the Securities and Exchange Commission. The Company assumes no responsibility to update forward-looking statements made herein or otherwise.

About The Estée Lauder Companies

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.

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