The Estée Lauder Companies Inc. (NYSE: EL) today announced that Michael Bowes has been appointed Executive Vice President, Chief People Officer, effective April 1, 2025, reporting directly to President and Chief Executive Officer, Stéphane de La Faverie. As the first company executive to hold the title of Chief People Officer, Michael will oversee all areas of Global Human Resources, including talent management, career development and organizational design, and, with a people-focused mindset, will drive the organization forward by focusing on continuous culture building.

“Michael is a dynamic leader with a deep passion for people and culture,” said Stéphane. “His strategic vision, commitment to talent development, and ability to foster collaboration across our global organization make him the ideal leader to shape the future of our workforce. Michael’s promotion to EVP, Chief People Officer, reflects his exceptional track record and his unwavering commitment to making ELC a place where all employees can thrive, innovate, and grow.”

Michael joined ELC in 2015 and has led Global Talent Acquisition as well as end-to-end Talent Management for the organization, including Executive Talent Management, Talent Development, and Enterprise Learning and Development. He and his team have successfully implemented a new internal talent marketplace, employee listening surveys, and leadership development programs. His commitment to supporting individual growth and fostering an inclusive culture is evident through his work with various programs and mentorship initiatives.

During his time with the company, Michael has personally demonstrated this commitment through sponsoring programs including From Every Chair and Leading with High Touch, being active in the Reverse Mentor program, and promoting opportunities and development for many team members within HR. His leadership has strengthened ELC’s commitment to fostering an agile, collaborative, and connected workplace.

Before joining ELC, Michael was Managing Director of Executive Search at Karen Harvey Consulting. He also held senior talent management and HR business partner roles at leading retail organizations, including Coach, Nike, Tommy Hilfiger, Cole Haan, and Saks Fifth Avenue.

Michael succeeds Michael O’Hare, Executive Vice President and Chief Human Resources Officer, who has announced his retirement and will step down from his role on April 1, 2025. Over the coming months, Michael will work closely with Michael O’Hare to ensure a seamless transition.

Cautionary Note Regarding Forward-Looking Statements Statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include those in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company’s expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement its strategy, including the Company’s profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K. The Company assumes no responsibility to update forward-looking statements made herein or otherwise.

About The Estée Lauder Companies The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.

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Media Relations: Jill Marvin jimarvin@estee.com

Investor Relations: Rainey Mancini rmancini@estee.com

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