Fabrizio Freda Explained

Fabrizio Freda
Birth Date:31 August 1957
Birth Place:Naples, Italy
Occupation:Chief executive officer
Employer:Estee Lauder

Fabrizio Freda (born 31 August 1957) is an Italian business executive and the chief executive officer of the Estée Lauder Companies.

Early life

Freda was born on 31 August 1957 in Naples and graduated from the University of Naples Federico II in March 1981.[1] [2]

Career

Freda was appointed president and chief executive officer of the Estée Lauder Companies Inc. on July 1, 2009,[3] [4] succeeding William P. Lauder. He had joined the company in March 2008, when he was appointed president and chief operating officer.[5]

Freda was previously president of Procter & Gamble's Global Snacks division. Freda joined P&G in 1982 and spent 10 years in the health and beauty division.[6] [7] He had a two-year stint at Gucci as international director of marketing and strategy until its sale to an investor group in 1988, before rejoining P&G.<ref name=wwd1 />[8]

In 2021, Freda's total compensation from Estée Lauder was $66 million, representing a CEO-to-median worker pay ratio of 1,965-to-1.[9] In 2022, Freda's total calculated compensation as chief executive officer, president, and director at Estée Lauder was $25.5 million.[10] In 2023, Freda's total compensation from Estée Lauder was $21.8 million, or 645 times the median employee pay at the Estée Lauder Companies for that year.[11]

Freda is on the board of BlackRock.[12]

Awards and honors

In 2015, Freda received the Order of Merit for Labour from Italian President Sergio Mattarella.[13]

Personal life

Freda is married with a son and a daughter.[14]

Notes and References

  1. Fabrizio Freda's Steady Ascent . 8 May 2009 . Women's Wear Daily.
  2. Web site: Parker . Garrett . 8 April 2020 . 10 Things You Didn't Know about Fabrizio Freda . Money INC.
  3. Web site: Estee Lauder to promote COO to CEO as planned. 26 March 2008. Fashion Network.
  4. Web site: Fabrizio Freda. Estee Lauder.
  5. Web site: Platero . Mario . 22 February 2021 . Fabrizio Freda: the "mister 100 billion" who revolutionized Estee Lauder Companies is Italian . la Republica . Italian.
  6. Web site: Salas. Abigail. Estee Lauder CEO Fabrizio Freda on Inspiring the New Generation of Beauty. 8 April 2019.
  7. Web site: Echenique. Sandra. His name is Fabrizio Freda. Italian. 22 June 2022.
  8. Tully . Shawn . 31 October 2013 . An outsider in the family castle . Fortune.
  9. Web site: Jackson . Sarah . 2022-07-22 . Here are the 20 companies with the biggest pay gap between CEOs and workers in 2021, including Amazon, Apple, Starbucks, and McDonald's . live . https://web.archive.org/web/20240214091537/https://www.businessinsider.com/these-20-companies-have-biggest-ceo-to-worker-pay-ratios-2022-7?op=1#3-mcdonalds-2251-to-1-3 . 2024-02-14 . 2024-08-31 . . en-US.
  10. Web site: Hopkins . Kathryn . 7 December 2022 . Fabrizio Freda Talks Succession Planning at The Estee Lauder Cos. . 2023-06-01 . Women's Wear Daily.
  11. Web site: Anderson . Sarah . 2024-08-29 . Executive Excess 2024: The “Low Wage 100” corporations are enriching CEOs at the expense of workers and long-term investment . live . https://web.archive.org/web/20240829154904/https://ips-dc.org/wp-content/uploads/2024/08/executive_excess_2024_ips_report.pdf . 2024-08-29 . 2024-08-31 . Institute for Policy Studies.
  12. Web site: 2022-06-13 . Freda, il secondo Ceo più pagato negli Usa è italiano: maxistipendio da 66 mln . 2023-06-01 . Affaritaliani.it . it.
  13. Web site: Janik . Lucie . 24 October 2015 . Fabrizio Freda Honored With 'Cavalieri del Lavoro' Award in Italy . Women's Wear Daily.
  14. News: Gottfried . Miriam . 14 January 2012 . Estée Lauder's Makeover Man . Barron's.

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