11.19.21
The Estée Lauder Companies has appointed Mark Loomis, currently president, Asia/Pacific, as president, North America, effective February 1, 2022. Loomis will report directly to Fabrizio Freda, president and chief executive officer, and he will remain a member of ELC’s Executive Leadership Team.
The company also announced the following updates to its Asia/Pacific leadership, which are effective February 1, 2022:
Mark has had an exemplary 25-year career with ELC, much of it spent in Asia, with deep global leadership experience spanning the company’s brands, channels, regions, and affiliates. In these roles, he has delivered exceptional results, successfully leading strategically significant beauty markets, including ELC’s businesses in Canada and Japan.
“Throughout his tenure, Mark has demonstrated an unwavering commitment to business success, while also commanding the deep respect of everyone with whom he engages and cultivating a strong sense of ambition, belonging, and pride across the company,” said William P. Lauder, executive chairman. “Mark’s inspiring leadership abilities, strong strategic vision, and focus on business performance and results are matched only by his commitment to our teams, making him well suited to take on this role at the helm of ELC’s home market in North America.”
In her new role, Fan will continue to be responsible for the company’s long-term growth strategy for China and its vision for the Chinese consumer.
Growdon has nearly 20 years of experience at ELC, which has included broad strategic and global management roles across Asia, Europe, Africa and the United States, as well as for the company’s global brands, including Estée Lauder and Tom Ford Beauty. His extensive experience working across geographies and cultures gives him a unique understanding and appreciation for the diverse consumers and channels within each market and especially across the Asia/Pacific landscape.
Growdon’s experience and strategic focus, combined with the diverse exposure gained from the roles he has held across the globe, give him a unique perspective into the business and will support his ability to successfully lead Asia/Pacific.
A successor for Growdon’s current role will be announced at a later date.
The company also announced the following updates to its Asia/Pacific leadership, which are effective February 1, 2022:
- Joy Fan will be promoted to president and CEO, China. She will report directly to Peter Jueptner in his new role as president, International, and she will remain a member of ELC’s Executive Leadership Team.
- Matthew Growdon, currently general manager, Japan, will be promoted to senior vice president and general manager, Asia/Pacific, also reporting directly to Jueptner. He will become a member of the Executive Leadership Team, leading all markets in Asia/Pacific, excluding mainland China.
- Mainland China will be elevated to report directly into the International organization.
Mark Loomis, President, North America
As President, North America, Loomis’ responsibilities will include guiding the North America Leadership Team to help maximize sales, profitability, and market share growth in the company’s dynamic and fast-evolving home market. He will build on the region’s many successes, leveraging his commercial expertise to help drive the business strategy, fuel the recovery, and unlock opportunities across brands, consumers, and channels.Mark has had an exemplary 25-year career with ELC, much of it spent in Asia, with deep global leadership experience spanning the company’s brands, channels, regions, and affiliates. In these roles, he has delivered exceptional results, successfully leading strategically significant beauty markets, including ELC’s businesses in Canada and Japan.
“Throughout his tenure, Mark has demonstrated an unwavering commitment to business success, while also commanding the deep respect of everyone with whom he engages and cultivating a strong sense of ambition, belonging, and pride across the company,” said William P. Lauder, executive chairman. “Mark’s inspiring leadership abilities, strong strategic vision, and focus on business performance and results are matched only by his commitment to our teams, making him well suited to take on this role at the helm of ELC’s home market in North America.”
Joy Fan, President and CEO, China
Fan will assume the new role of president and CEO, China, overseeing the mainland China business. A visionary executive and a respected leader in the business, she has deep expertise in China, complemented by a global perspective and exceptional brand-building abilities.In her new role, Fan will continue to be responsible for the company’s long-term growth strategy for China and its vision for the Chinese consumer.
Mathew Growdon, SVP and General Manager, Asia Pacific
In his new role as senior vice president and general manager, Asia/Pacific, Growdon will oversee all 12 markets in the region, working closely with affiliate general managers. With the elevation of China, the Asia/Pacific team, led by Growdon, has an exciting opportunity to further focus its efforts on ELC’s multiple engines of growth throughout the region, including key affiliates that continue to drive the company’s global performance and significant opportunities in emerging markets.Growdon has nearly 20 years of experience at ELC, which has included broad strategic and global management roles across Asia, Europe, Africa and the United States, as well as for the company’s global brands, including Estée Lauder and Tom Ford Beauty. His extensive experience working across geographies and cultures gives him a unique understanding and appreciation for the diverse consumers and channels within each market and especially across the Asia/Pacific landscape.
Growdon’s experience and strategic focus, combined with the diverse exposure gained from the roles he has held across the globe, give him a unique perspective into the business and will support his ability to successfully lead Asia/Pacific.
A successor for Growdon’s current role will be announced at a later date.
