The Estée Lauder Companies Announces ELC Online Leadership Updates
Today The Estée Lauder Companies (NYSE:EL) announced that after nearly 20 years with the company, Dennis McEniry, President of ELC’s Online division, will retire at the end of this calendar year. He will be succeeded by Gibu Thomas, who will assume the role of President, ELC Online, effective November 16, 2020. Gibu will report directly to Fabrizio Freda, President and Chief Executive Officer. Dennis will work closely with Gibu through the end of the year to support a smooth and successful transition.
“Dennis has been a truly innovative and visionary digital leader,” said Fabrizio Freda. “As the inaugural President of ELC Online, he has overseen the formation and incredible expansion of this division. Thanks to him and his team, ELC Online remains vital to our strong and sustainable growth, and is a leading, brand-building platform that enables us to deliver high-quality products and experiences to millions of consumers worldwide. Omnichannel and Online are more important and quickly-evolving than ever before, and we are poised for continued success in these areas thanks to Dennis’ work. His positive energy, dynamic leadership style and unique ability to marry the art and science of online will certainly be missed.”
“I am thrilled to welcome Gibu to The Estée Lauder Companies as the new President of ELC Online,” continued Mr. Freda. “He is a highly talented and respected digital expert with a proven record of success in e-commerce, technology infrastructure, digital media, mobile and omnichannel. Throughout his exemplary career, which includes leading digital enterprises to scale at large global businesses as well as extensive entrepreneurial experience in Silicon Valley startups, he has driven meaningful, transformative growth for global brands with speed and agility. His deep understanding of consumer behavior, and ability to anticipate trends and build dynamic digital experiences, make him ideally suited to this role.”
Please find further information about Dennis’ tenure and Gibu’s appointment below.
Dennis McEniry to Retire as President, ELC Online
Dennis joined ELC as Vice President, Technology, in 2001, when its e-commerce platform – started in 1996 by William P. Lauder – was still in its early days. In 2003, Dennis was named the inaugural President of ELC Online, giving him oversight of a new and highly complex brand-building channel that would quickly become vital to the company’s strong, sustainable growth. Thanks to Dennis’ tremendous expertise and leadership, ELC Online has expanded from just four U.S.-based websites to a global, highly diversified presence in more than 50 countries, 350 brand.com sites, 80 brand boutiques on platforms such as Tmall, and 1,700 retailer.com doors. Prior to the widespread advent of smartphones, Dennis and his team were early adopters in leveraging and deploying mobile technology globally. Today, ELC has leading global platforms in e-commerce and m-commerce, both of which enable the company to deliver high-quality products and High-Touch digital luxury experiences to millions of consumers across brands and regions.
Among Dennis’ many accomplishments has been the establishment and continued growth of ELC Online, which represented 22 percent of the company’s net sales in fiscal 2020. This success is in large part due to Dennis’ keen ability to differentiate ELC’s prestige brands’ products and services within the online space through innovative High-Touch luxury consumer experiences that leverage best-in-class, continuously updated creativity and technology.
As a global leader who is deeply attuned to regional trends and shifts in technology and consumer behavior, Dennis’ foresight and growth mindset have been essential in fueling the company’s geographic online expansion. Today, ELC is a top beauty company on Tmall, the world’s largest online luxury mall, and a critical component of ELC’s strategy to continue to win share with the Asia/Pacific consumer.
Dennis has been especially instrumental in leading omnichannel partnerships across the organization, facilitating seamless retailing across channels that thoughtfully blurs the lines between Online and in-store. As the Online business surged globally in fiscal 2020 during the COVID-19 pandemic, Dennis and his team played a crucial role in accelerating investments across ELC’s brand sites, helping the company reach more consumers and driving increased conversion rates. Notably, the company’s sophisticated Online fulfillment capabilities, which Dennis developed and oversaw, were perfectly positioned to meet this increased demand. As a result, the Online channel achieved 100% growth during the fourth quarter of fiscal 2020.
An energetic and inspiring leader, Dennis’ team-building ability has been integral to the success of ELC Online. He has built a diverse and truly exceptional team of global digital experts, encouraging them to think and act like a tech company within a beauty company. An enthusiastic supporter of Inclusion and Diversity, Dennis and his team have long supported women in tech, and partnered with several renowned organizations in this area, including Girls Who Code, a non-profit designed to close the gender gap in the tech industry.
“It has been a pleasure to partner closely with Dennis over the years,” said William P. Lauder, Executive Chairman, The Estée Lauder Companies. “When Online was still a new and relatively unfamiliar channel to many, Dennis helped to ensure that the company was an early adopter of the e-commerce marketplace. Since then, he and his team have done a terrific job of always evolving ELC Online ahead of digital and technology trends. In addition to being a well-respected and strategic leader, Dennis is also a truly wonderful colleague and friend, and I wish him all the best in his well-deserved retirement.”
“I am deeply proud of all that my team and I have accomplished,” said Dennis McEniry. “While the global digital and technology landscape has evolved significantly, ELC Online has always advanced ahead of the curve, successfully anticipating trends and capturing the biggest, most promising opportunities for sustainable growth. At the same time, we’ve stayed true to our core mission of providing consumers with high-quality luxury products and experiences online, reaching millions around the globe. While the decision to retire is of course bittersweet, I know that the incredible ELC Online team – with Gibu’s deep expertise and natural leadership abilities at the helm – is poised to continue to drive tremendous growth.”
Gibu Thomas Appointed President, ELC Online
Gibu will assume the role of President, ELC Online, where he will be responsible for the company’s Online business globally, leading e-commerce and omnichannel platforms, and will leverage his forward-thinking, strategic approach to digital channels to continue to accelerate growth and reach for ELC’s brands. Additionally, he will partner closely with Global Brand Presidents and other executive leaders across the organization to drive a highly interconnected omnichannel strategy that supports ELC’s High-Touch consumer experience and leverages every touchpoint to build brand equity and drive consumer engagement and loyalty. Gibu will also work closely with Jane Lauder in her new role as Executive Vice President, Enterprise Marketing and Chief Data Officer, to further integrate the company’s analytic capabilities and turbocharge breakthrough, brand-building digital innovation through compelling data and insights.
Gibu joins the company from PepsiCo, Inc., where he served as Senior Vice President and Global Head of E-Commerce for the past five years. During his tenure, he was responsible for the holistic strategic direction and execution of PepsiCo’s global e-commerce business, which he oversaw and grew from the ground up. As a transformational agent of change within the organization, Gibu implemented a multi-phase omnichannel strategy, accelerating the growth of PepsiCo’s legacy brands through performance marketing, data science and multi-platform analytic capabilities. He led a global team of more than 300 digital professionals who were embedded throughout the business, and notably, opened PepsiCo’s first dedicated e-commerce headquarters in New York City, as well as a digital hub in Silicon Valley.
In the early-to-mid 2000s, Gibu was a serial entrepreneur in Silicon Valley, helping to build multiple innovative startups, including Bluelark Systems, which created and launched Blazer, the award-winning web browser on PalmOS devices, and was acquired by Handspring in 2001. He later served as co-founder and CEO of SugarSync, a leading-peer-to-peer cloud storage and mobile synchronization platform that was eventually acquired in 2015. With a Master of Business Administration degree from Stanford University and a Bachelor’s degree in Computer Science from University of Kerala in India, Gibu possesses both a keen business sense as well as deep-seeded technical acumen.
“I am thrilled to be joining The Estée Lauder Companies,” said Gibu Thomas. “Dennis has done a truly incredible job of leading ELC Online, and of developing a uniquely talented and dynamic team. It’s an honor to step into this leadership role, and I am eager to continue to build on the success and growth of this quickly-evolving area of the business. I am also looking forward to partnering with Fabrizio and the entire Executive Leadership Team to contribute to the overall success and continued growth of ELC.”
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 approximately 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, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, BECCA, Too Faced and Dr. Jart+.
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Verimatrix Video Content Security Expert to Speak at SportsPro Asia Virtual Summit20.10.2020 18:45:00 EEST | Press release
Regulatory News: Verimatrix, (Paris:VMX) (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced that Christopher Rae, Senior Vice President of Sales for Asia Pacific, is scheduled to speak during a SportsPro Asia panel discussion at 4 p.m. SGT on Thursday, October 22. Titled, “Reimagining the Fan Experience: Maximizing Opportunities Through Digital”, the panel is set to discuss how OTT and digital bring the promise of personalized, responsive viewer experiences that go far beyond those of linear broadcast platforms. The panel will also discuss the latest piracy threats and challenges associated with launching new streaming services in different Asian markets. Rae’s fellow panelists include: Jay Ganesan, Senior Vice President and Region Head for Asia Pacific at MediaKind Oliver Duss, Executive Vice President, Media, at Football Marketing Asia (FMA) Eoin Connolly, Editor At Large at SportsPro SportsPro Asia provides attende
Nexeo Plastics Signs Distribution Agreement in Europe with Kingfa20.10.2020 17:06:00 EEST | Press release
Nexeo Plastics, a leading global thermoplastics resin distributor, has signed an agreement with Kingfa to distribute their engineering thermoplastic products throughout Europe. Effective immediately, Nexeo Plastics will carry and distribute Kingfa’s locally made compounds. Each product group offers a wide range of color-matching options and innate characteristics to improve manufacturing and end-product functionality. This includes an array of choices in unfilled, talc-filled, reinforced, toughened, flame-retardant and recycled compounds. “We look forward to partnering with Nexeo Plastics to expand our footprint in Europe and reach new customers who are seeking high-quality, customized compounding solutions,” said Dr. D.H. Sun, managing director of Kingfa Europe. Kingfa, a preeminent leader in the research, production and sales of advanced polymer materials, has European facilities in Wiesbaden, Germany, serving the EMEA region. The location includes an advanced technology production p
Brookfield Renewable Ireland Selects PCI’s Enterprise Cloud Platform to Meet its Energy Billing Requirements20.10.2020 17:00:00 EEST | Press release
Brookfield Renewable Ireland has selected PCI’s Enterprise Platform for management of its energy billing requirements in the Irish power market. As part of its agreement with Brookfield Renewable Ireland, PCI will deploy its specifically tailored, cloud-based, integrated platform that incorporates the PCI Billing Solution, and a breadth of capabilities including: Management of complex bilateral contracts, such as power purchase agreements (PPA) Contract settlements calculation engine to perform settlement allocation based on specific business rules Interfaces with upstream and downstream systems Comprehensive auditability with all data versions and updates stored for auditing requirements Extensive workflow automation for invoice creation and management Data extraction, reporting and drill-down capabilities Platform extension to support Brookfield Renewable Ireland’s customer portal Chief Commercial Officer at Brookfield Renewable Ireland, Ciaran O'Brien noted, “To support our business
Goldman Sachs Merchant Banking Division Partners With Leading Data Infrastructure Management Team and Commits up to $500 Million to Form Data Center Platform, Global Compute20.10.2020 17:00:00 EEST | Press release
The Goldman Sachs Merchant Banking Division (“GS MBD”) today announced that it has partnered with a seasoned management team, led by long-time data center industry executive Scott Peterson, to form Global Compute Infrastructure LP (“Global Compute” or the “Company”), a newly established global data center infrastructure platform. GS MBD has initially committed to fund up to $500 million of equity capital, primarily from its infrastructure fund, West Street Infrastructure Partners III, LP (“WSIP III”), to enable approximately $1.5 billion in near-term investments deployed across North America, Europe, Asia Pacific and Latin America. Global Compute intends to grow through a combination of acquisitions and organic development to serve customers in geographies with strong secular tailwinds and potential for significant data infrastructure growth. Leveraging the experience and track record of the management team, Global Compute will focus on acquiring and developing facilities which can mee
Andersen Global Signs Collaboration Agreement with Belarus’ Largest Law Firm20.10.2020 16:30:00 EEST | Press release
Andersen Global expands its platform in Eastern Europe with the addition of collaborating firm REVERA, one of the top tier law firms in Belarus, broadening the organization’s coverage as it bolsters its foothold in the region. Founded in 1998, the Minsk-based firm provides corporate, commercial, litigation, labor, antitrust, real estate and intellectual property law, focusing on tax and private client services. Led by Managing Partner Dmitry Arkhipenko, REVERA’s team of more than 50 lawyers represents a number of multinational companies and often participates in Belarus’ legislative process. Additionally, the firm has been recognized by Chambers Europe, Legal 500, IFLR 100 and Best Lawyers. “For over 20 years, our firm has built a respectable reputation through our commitment to stewardship and independence, and our ability to provide clients with best-in-class solutions,” Dmitry said. “We look forward to working with the member firms and collaborating firms of Andersen Global as we co
The 26th China Yiwu International Commodities (Standards) Fair to Kick Off This Month With More Activities to Promote Trade20.10.2020 16:21:00 EEST | Press release
The 26th China Yiwu International Commodities (Standards) Fair ("Yiwu Fair") will be held at Yiwu International Expo Center on October 21-25, 2020. Founded in 1995 and as one of the three export exhibitions sponsored by China’s Ministry of Commerce, Yiwu Fair is now the largest, most influential, and most effective daily necessities exhibition in China. Yiwu Fair 2020 will be China’s first large-scale foreign trade exhibition presented both online and offline in the wake of the pandemic. It is expected to attract more than 50,000 professional buyers, with 3,400 international standard booths, covering hardware, electromechanical facilities, electronic & electrical appliances, daily necessities, crafts & ornaments, stationery & office goods, toys, sporting & outdoor products, knitwear, and gift packaging. This year, Yiwu Fair will invite around 10 delegations or 1,600 persons from foreign trade organizations and representative offices based in China, and nearly 20 delegations or 1,800 bu
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom