Fabrizo Freda Named Among the World’s Best CEOs


Barron’s has named Fabrizio Freda, CEO of The Estée Lauder Companies, to its 14th annual list of the World’s Best CEOs.

Freda was recognized for “[pushing] a rising portion of his beauty products through high-margin channels, like airport stores and e-commerce sites, growing earnings quickly and attracting a rising price/earnings ratio for the shares.” During his tenure, the company’s revenue climbed from $7.8 billion in 2010 to an estimated $13.6 billion in 2018, with adjusted earnings tracking to hit $1.67 billion.

Related: Estée Lauder Releases Q3 2018 Financials

They also highlighted the way in which the CEO “invigorated the company with new brands, new markets and a fresh focus on millennials,” through recent acquisitions such as Le Labo, Becca and Too Faced.

The list was compiled by screening the S&P 500 index and the 250 largest non-U.S. companies for factors such as revenue and earnings growth, and share-price performance over the past five years.

Others named to the list include Bernard Arnault of LVMH, Jeff Bezos of Amazon and Facebook’s Mark Zuckerberg. About a third of the year’s previous picks were moved to make room for newcomers, including Freda.

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