Estee Lauder Companies Inc (EL) reported a mixed fourth quarter, exceeding sales expectations but falling short on profitability. The company’s outlook for the coming year is cautious, citing a continued slowdown in the Chinese market and anticipating a more moderate pace of operating margin expansion. CEO Fabrizio Freda will retire at the end of FY25, with the company actively seeking a successor.
Peter Harrison, the long-standing CEO of FTSE 100 investment giant Schroders, is set to retire next year after more than eight years at the helm. The company has initiated a comprehensive search for his successor, aiming to ensure a smooth transition with Mr. Harrison’s assistance. With £750 billion in assets under management, Schroders has retained executive search experts to facilitate the selection of a new leader.
Peter Harrison, the CEO of FTSE 100 investment group Schroders, has announced his retirement, marking the end of an eight-year tenure. Harrison will remain with the group to assist in the transition to his successor, who will be identified through a thorough and extensive search. Schroders has more than £750 billion in funds under management.
