Jennifer Hyman to Retire from Estée Lauder Board

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Ms. Hyman, who has been a Board member since 2018 and is a member of the Audit Committee and the Nominating and ESG Committee, is stepping down to focus on new endeavors. Her departure is not due to any disagreements with the Company.

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About Estee Lauder Companies Inc.

Estee Lauder Companies Inc. is a prominent player in the global beauty industry, recognized for producing and marketing renowned skincare, makeup, fragrance, and hair care products. Established in 1946 and headquartered in New York City, the company operates under a diverse portfolio of leading brands, including MAC, Clinique, Bobbi Brown, and the eponymous Estee Lauder brand. The primary function of Estee Lauder is to innovate and deliver high-quality beauty solutions, catering to a broad spectrum of consumers worldwide, from luxury market segments to everyday personal care needs. Estee Lauder plays a significant role in the retail and luxury goods sector, impacting both physical retail spaces and e-commerce platforms. With a strong emphasis on research and development, the company continuously adapts to changing consumer preferences and trends, ensuring relevance and growth in dynamic markets. Estee Lauder's influence extends across various geographic regions, boasting a global presence that positions it as a benchmark for industry standards in quality and brand prestige. It contributes significantly to the economic landscape, offering employment opportunities and fostering innovation within the global beauty market.