The Estee Lauder Companies Inc. (EL, Financial) has announced the retirement of Richard D. Parsons from its Board of Directors, effective immediately. Mr. Parsons, who has been a valued member of the board since 1999, is stepping down due to health reasons. During his tenure, he served as a Class II director and was an integral part of the Nominating and ESG Committee as well as the Compensation Committee.
The company expressed its deep gratitude for Mr. Parsons' significant contributions and insights over the years. His leadership and guidance have been instrumental in shaping the strategic direction of the company. Estee Lauder Companies will continue to uphold its commitment to governance and leadership excellence as it navigates this transition.
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