The Estée Lauder Companies Inc. (ticker: EL, exchange: New York Stock Exchange (.N))
News Release -
Clinique Announces Management Changes; Eunice Valdivia Named President, North America
NEW YORK--(BUSINESS WIRE)--Dec. 13, 2002--Clinique Laboratories,
Inc. announced today that Eunice Valdivia, currently Executive Vice
President, Global Marketing and Finance, has been named President of
North America for the brand.
The newly created position reflects the brand's strength in the
North American market as one of the leading prestige skincare
treatment and makeup brands. The appointment will be effective January
"No one is more closely identified with Clinique and its unique
branding message than Eunice Valdivia," says Philip Shearer, Group
President, The Estee Lauder Companies Inc., whose responsibility for
Clinique will also be effective on January 1.
William P. Lauder, the current Group President for Clinique,
added, "Eunice has been an essential part of Clinique since its
inception and has been a driving force in the success and growth of
the brand. It's wonderful that she will now bring her passion,
leadership and understanding of the brand's intricacies to the North
American operation." Eunice will oversee Sales, Promotion, Marketing
Services, Brand Operations for North America as well as the Global
Sales Education area, while Global Marketing, Finance and Clinique
International will report directly to Philip Shearer.
Eunice joined Clinique in 1969, one year after it was launched,
working directly with Carol Phillips, the brand's founder and author
of its unique voice and presence. As Eunice's partnership with Carol
progressed, she developed the marketing and finance areas of the
brand. With a distinctive talent for these diverse areas, Ms. Valdivia
rose to the position of Executive Vice President, Global Marketing and
Finance and has been instrumental in helping to develop and build the
powerful Clinique franchise. Always in search of innovative programs,
Ms. Valdivia defined and grew Clinique's cornerstone 3-Step System -
Facial Soap, Clarifying Lotion and Dramatically Different Moisturizing
Lotion - a bottle of which is sold about every 3.5 seconds around the
world. Today, Clinique is the number one prestige brand in department
stores in the USA and Canada as well as the number one or two prestige
cosmetic brand in many international markets.
In a related move, the brand also announced that Kim Fiore,
currently Regional Vice President for Clinique headquartered in
Dallas, will be named Senior Vice President, National Sales Manager,
Clinique Laboratories, Inc., effective January 1, 2003. Ms. Fiore
joined Clinique September 1989 as an Account Executive in Raleigh,
North Carolina. She will report to Ms. Valdivia and will relocate to
the New York office.
Clinique was founded in 1968 in conjunction with Dr. Norman
Orentreich, a leading NY dermatologist, and is known worldwide for its
allergy tested, 100% fragrance free skin care and makeup products. If
3-Step were its own brand, it would be the fifth largest brand in US
department stores. Clinique Laboratories, Inc. is a subsidiary of The
Estee Lauder Companies Inc.
The Estee 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 120
countries and territories under well-recognized brand names, including
Estee Lauder, Clinique, Aramis, Prescriptives, Origins, M A C, Bobbi
Brown, Tommy Hilfiger, La Mer, jane, Donna Karan, Aveda, Stila, Jo
Malone and Bumble and bumble.
An electronic version of this release can be found at the
Company's Website, www.elcompanies.com.
||The Estee Lauder Companies Inc., New York
||Investor Relations: Dennis D'Andrea, 212/572-4384
||Media Relations: Janet Bartucci, 212/572-4439