Fabrizio Freda

Fabrizio Freda
Born	(1957-08-31) August 31, 1957 (age 67) Naples, Italy
Occupation	Chief executive officer (retired)
Employer	Estee Lauder

Fabrizio Freda (born 31 August 1957) is an Italian business executive and the former 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] He retired from Estee Lauder in 2024 and assumed the position of special advisor.^[6]

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.^[7][8]

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.^[1][9]

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.^[10] In 2022, Freda's total calculated compensation as chief executive officer, president, and director at Estée Lauder was $25.5 million.^[11] 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.^[12]

Freda is on the board of BlackRock.^[13]

Awards and honors

In 2015, Freda received the Order of Merit for Labour from Italian President Sergio Mattarella.^[14]

Personal life

Freda is married with a son and a daughter.^[15]

References

1. "Fabrizio Freda's Steady Ascent". Women's Wear Daily. 8 May 2009.
2. Parker, Garrett (8 April 2020). "10 Things You Didn't Know about Fabrizio Freda". Money INC.
3. "Estee Lauder to promote COO to CEO as planned". Fashion Network. 26 March 2008.
4. "Fabrizio Freda". Estee Lauder.
5. Platero, Mario (22 February 2021). "Fabrizio Freda: the "mister 100 billion" who revolutionized Estee Lauder Companies is Italian". la Republica (in Italian).
6. Scott, Nateisha (30 October 2024). "Stéphane de la Faverie named president and CEO of Estée Lauder Companies". Vogue Business.
7. Salas, Abigail (8 April 2019). "Estee Lauder CEO Fabrizio Freda on Inspiring the New Generation of Beauty".
8. Echenique, Sandra (22 June 2022). "His name is Fabrizio Freda" (in Italian).
9. Tully, Shawn (31 October 2013). "An outsider in the family castle". Fortune.
10. 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". Business Insider. Archived from the original on 2024-02-14. Retrieved 2024-08-31.
11. Hopkins, Kathryn (7 December 2022). "Fabrizio Freda Talks Succession Planning at The Estee Lauder Cos". Women's Wear Daily. Retrieved 2023-06-01.
12. 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" (PDF). Institute for Policy Studies. Archived (PDF) from the original on 2024-08-29. Retrieved 2024-08-31.
13. "Freda, il secondo Ceo più pagato negli Usa è italiano: maxistipendio da 66 mln". Affaritaliani.it (in Italian). 2022-06-13. Retrieved 2023-06-01.
14. Janik, Lucie (24 October 2015). "Fabrizio Freda Honored With 'Cavalieri del Lavoro' Award in Italy". Women's Wear Daily.
15. Gottfried, Miriam (14 January 2012). "Estée Lauder's Makeover Man". Barron's.