The Estée Lauder Companies Inc. (NYSE:EL) announced today that Jennifer Hyman and Jennifer Tejada have been elected to its Board of Directors (the “Board”) and that both directors have also joined the Audit Committee, effective as of April 16, 2018. Ms. Hyman is the Co-Founder and Chief Executive Officer of Rent the Runway, Inc. Ms. Tejada is the Chief Executive Officer of PagerDuty, Inc.
“We are very excited to welcome Ms. Hyman and Ms. Tejada to our Board of Directors,” said William P. Lauder, Executive Chairman. “Ms. Hyman brings her very impressive creativity and know-how in the worlds of entrepreneurship, disruptive retail, the millennial consumer and omnichannel. Ms. Tejada has tremendous experience in digital, mobile, software and consumer goods. These backgrounds and experiences will allow our new directors to provide valuable, practical perspectives to our Board as our company continues to grow by offering innovative products and experiences for our global consumers.”
Ms. Hyman, 37, is the Co-Founder and Chief Executive Officer of Rent the Runway, which rents designer apparel and accessories to women, both on-demand and through its subscription service, and has established designer rental as a utility in women’s everyday lives. Since co-founding the company in 2009, she has grown the business to include nine million members, 1,200 employees and 500+ designer brands.
Prior to founding Rent the Runway, Ms. Hyman was the Director of Business Development at IMG, a global talent management company. She graduated cum laude from Harvard University and received her master’s degree from the Harvard Business School.
Ms. Tejada, 47, is the Chief Executive Officer of PagerDuty, a digital operations management platform for businesses. Under her leadership, PagerDuty has doubled its revenue, grown its customer portfolio to over 10,000 businesses, including half of the Fortune 100, and expanded its global footprint in key international markets such as Europe, the Middle East, Africa and Asia-Pacific.
Prior to joining PagerDuty, Ms. Tejada was President and Chief Executive Officer of Keynote Systems, a software company specializing in digital performance analytics and web and mobile testing. For more than 25 years, she has helped build and transform multinational companies. Ms. Tejada graduated from the University of Michigan and currently sits on the board of Puppet Labs, Inc.
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in more than 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
An electronic version of this release can be found at the Company’s website, www.elcompanies.com.
The forward-looking statements in Mr. Lauder’s remarks above involve risks and uncertainties. Factors that could cause actual results to differ materially from those forward-looking statements include current economic and other conditions in the global marketplace, shifts in the preferences of consumers as to where and how they shop for the types of products the Company sells, competition, the Company’s ability to continue to successfully implement its long-term strategic and restructuring plans and those described in the Company’s quarterly report on Form 10-Q for the quarter ended December 31, 2017.
Dennis D’Andrea, 212-572-4384
Alexandra Trower, 212-572-4430