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Beauty Industry

Beauty company adds hotshot executive

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By: Jamie Matusow

Editor-in-Chief

The Board of Directors of The Estée Lauder Companies Inc. has expanded to 14 members and elected Richard F. Zannino as a director. He will also serve as an additional member of the audit committee. Zannino is a managing director at the private equity firm CCMP Capital Advisors, LLC, a position he has held since July 2009. He is on the firm’s investment committee and co-heads the consumer, retail and media practices. Prior to joining CCMP Capital, he was chief executive officer and member of the board of directors of Dow Jones & Company from February 2006 until his resignation in January 2008, shortly after its acquisition by News Corp. Mr. Zannino joined Dow Jones as executive vice president and chief financial officer in February 2001 and was promoted to chief operating officer in July 2002. From 1998 to 2001, he was executive vice president of Liz Claiborne where he oversaw the finance, administration, retail fragrance and licensing divisions. From 1993 to 1998, Zannino was with Saks Fifth Avenue, serving as vice president and treasurer, senior vice president, finance and merchandise planning and then executive vice president and chief financial officer. He earned his B.S. in finance and economics from Bentley College and an M.B.A. in finance from Pace University.

“We are very pleased that Rich Zannino is joining our board of directors,” said William P. Lauder, executive chairman of The Estée Lauder Companies Inc. “Rich’s broad-based experience at various retailing and media companies and his financial expertise will be an asset to our company and its stockholders.”

Zannino also serves as a director of IAC/InterActive Corp. and a trustee of Pace University.

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