THE WHAT? The Estee Lauder Companies has announced that it has established a new Equity and Engagement Center of Excellence. The new capability is designed to help the US prestige beauty firm deliver on its commitment to build greater equity and representation throughout its business.
THE DETAILS The initiative will be led by Nicole Monson, who has been appointed Senior Vice President, Equity and Engagement. Monson will report to Michael O’Hare, EVP Global Human Resources. She will lead the development and implementation of proactive Equity and Engagement initiatives to create a workforce that is more representative and responsive to people of all backgrounds, where all have an opportunity to succeed.
THE WHY? Fabrizio Freda, President and Chief Executive Officer, explained, “Our collective vision is to be the most inclusive, equitable and diverse global prestige beauty company for our employees and consumers alike. This important new capability will enhance employee engagement and build greater equity across the business today, while also providing a strategic platform to expand and scale this work into the future. We know that authentic change takes time, dedication and a clear strategy, and we will continue to devote focused and meaningful resources toward accelerating this goal.”