Fabrizio Freda facts for kids

Fabrizio Freda (born 31 August 1957) is an Italian business executive and the chief executive officer of the Estée Lauder Companies.

Early life

Freda was born on 31 August 1957 in Naples and graduated from the University of Naples Federico II in March 1981.

Career

Freda was appointed president and chief executive officer of the Estée Lauder Companies Inc. on July 1, 2009, succeeding William P. Lauder. He had joined the company in March 2008, when he was appointed president and chief operating officer.

Freda was previously president of Procter & Gamble's Global Snacks division. Freda joined P&G in 1982 and spent 10 years in the health and beauty division.

He had a two-year stint at Gucci as international director of marketing and strategy until its sale to an investor group in 1988, before rejoining P&G.

In 2021, Freda's total compensation from Estée Lauder was $66 million, representing a CEO-to-median worker pay ratio of 1,965-to-1. In 2022, Freda's total calculated compensation as chief executive officer, president, and director at Estée Lauder was $25.5 million. In 2023, Freda's total compensation from Estée Lauder was $21.8 million, or 645 times the median employee pay at the Estée Lauder Companies for that year.

Freda is on the board of BlackRock.

Awards and honors

In 2015, Freda received the Order of Merit for Labour from Italian President Sergio Mattarella.

Personal life

Freda is married with a son and a daughter.