THE WHAT? The Estée Lauder Companies has elected Arturo Nuñez to its Board of Directors, who will also join the company’s Audit Committee.
THE DETAILS Nuñez is Chief Marketing Officer of Nu Holdings (Nubank), which is a digital banking platform headquartered in Brazil that serves customers across Brazil, Mexico, and Colombia.
The marketing exec has been with Nubank since June 2021, before which he founded AIE Creative, a branding and marketing firm. Nuñez also served as Head of Marketing, Latin America, for Apple from 2014 to 2018.
Nuñez is a Class I director, with his term expiring in November 2024. The Estée Lauder Companies Board of Directors now has 16 directors including Nuñez.
THE WHY? William P. Lauder, Executive Chairman, ELC, said, “Arturo has an impressive global business background that includes consumer-oriented experience from his current role at Nubank and his previous positions at Apple, Nike, and the NBA. We expect that our Board will benefit from Arturo’s valuable perspectives on creative marketing, modern retail, innovative technology, and consumer branding, including connecting with diverse consumers.”