The Estée Lauder Companies Inc. Names Carl Haney Executive Vice President, Global Research and Development, Corporate Product Innovation, Package Development

The Estée Lauder Companies Inc. (NYSE:EL) announced today that Carl Haney will join the Company as Executive Vice President, Global Research and Development (R&D), Corporate Product Innovation, Package Development, beginning January 1, 2012. He will report to President and Chief Executive Officer, Fabrizio Freda.

Mr. Haney will join the Estée Lauder Companies following a more than 20-year career at The Procter & Gamble Company (P&G). Most recently he was Vice President, R&D, Male Grooming, Gillette, Braun and Devices, leading teams in all aspects of innovation, including product, packaging, process development and engineering.

"Carl is a proven leader in R&D and innovation and has significant experience directing and guiding teams around the world. His passion for innovation and extensive knowledge of locally relevant product development will build on our Company’s considerable strengths and keep us on the cutting edge,” said Mr. Freda.

Raised in Venezuela, Mr. Haney moved to the United States and attended Vanderbilt University, where he graduated cum laude with a degree in Chemical Engineering. Mr. Haney started his career at P&G and over the years held numerous leadership positions in locations around the world. In 1997, he was promoted to Director, Latin America Beauty Care R&D. Mr. Haney also held R&D leadership roles for P&G Global Cosmetics and Oral Care and has led P&G innovation teams in Latin America, Europe and Asia. An important player in the R&D and Innovation industry, Mr. Haney is known for growing businesses, brands and innovation organizations and creating strong external innovation partnerships.

"I am delighted to join the Estée Lauder Companies with its outstanding reputation, global leadership position, exciting brands and great history of innovation. I look forward to working closely with William Lauder, Fabrizio Freda, and the Global R&D and Innovation teams to continue the Company’s great tradition of creating world-class, prestige beauty products,” said Mr. Haney.

Harvey Gedeon, who is currently Executive Vice President, Global Research and Development, Corporate Product Innovation, Package Development, has announced his intention to retire after a decade of success with the Company. Mr. Gedeon will remain with the Company to work closely with Mr. Haney throughout the transition.

"We are grateful for the significant contributions and dedication that Harvey Gedeon has brought to the Estée Lauder Companies. Harvey has had a profound impact on our Company’s global success and innovation. We wish him the best in his well-deserved retirement,” said William P. Lauder, Executive Chairman, The Estée Lauder Companies Inc. "We are thrilled that Carl will be joining the Estée Lauder Companies and are pleased that Harvey will remain with us to help transition Carl into his new role.”

Mr. Freda stated, "Harvey has been a tremendous leader at the Estée Lauder Companies in the areas of R&D, innovation and packaging. His amazing achievements in innovation have helped our Company maintain its leadership position in prestige beauty. I want to thank Harvey for his guidance, creativity and dedication.”

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 over 150 countries and territories under the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, M-A-C, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan, Aveda, Jo Malone, Bumble and bumble, Darphin, Michael Kors, American Beauty, Flirt!, GoodSkin Labs, Grassroots Research Labs, Sean John, Missoni, Daisy Fuentes, Tom Ford, Coach, Ojon, Smashbox and Ermenegildo Zegna.