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By: Jamie Matusow

Editor-in-Chief

Fabrizio Freda, former president of global snacks at Procter & Gamble, will become president and chief operating officer of Estée Lauder Companies in March. With the move, William P. Lauder, grandson of the company founder, clears the way for Freda to become his successor as chief executive within 24 months. The company also announced that COO Daniel J. Brestle was named vice chairman and president of the North America division.

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