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Estee lauder companies names malcolm michael kors crossbody bags jet set bond executive vice president New york(Business wire)June 4, 2004 Roger caracappa http://www.lekam.co.uk/ and harvey gedeon promoted; Ed straw announces his retirement The estee lauder companies inc. (Nyse:El)Today announced the promotion of malcolm bond, senior vice president of global procurement, manufacturing and logistics, to executive vice president for global operations, effective june 30, 2004.Mr.Bond succeeds ed straw, group president of global operations.Mr.Straw, who served the company with distinction for four years, will be retiring. William p.Lauder, chief operating officer, said,”I want to sincerely thank ed for his significant process enhancements and margin improvements resulting in substantial cost savings to the company.Navy and a successful transition to senior most operating responsibilities in the private sector, ed culminated his career with a paradigm new michael kors change of our operating efficiency.We thank him for his valued service. ” “It brings me great pleasure to see that the global operations effort will now be led by my colleague malcolm bond.Malcolm and the other leaders on this team are outstanding professionals and i am honored to have worked with them.I wish everyone at the estee lauder companies continued success,”Said mr.Straw. “Operational excellence has always been a competitive advantage for the esteeLauder companies.I am confident that malcolm will build on that fine tradition and lead the global operations group to new heights,”Said mr.Lauder. Mr.Bond will lead the following functions:Global procurement, manufacturing and logistics, as well as management information systems, packaging, quality assurance, merchandising design and development, corporate store design operations, employee health and safety, and retail store operations.Mr.Bond joined the company in 1995, as general manager of the whitman, uk, plant.In roles of growing responsibility, he has distinguished himself in managing an increasingly complex operations infrastructure to deliver expert and efficient support for the changeable market realities of the beauty business. Roger caracappa is being promoted to executive vice president.He will continue to lead packaging and have the additional responsibilities for quality assurance, global merchandising design, corporate store design and retail store operations.Mr. Caracappa will report toMr.Bond. “Roger has very broad knowledge of the support necessary for the product to market process as well as a comprehensive and multi faceted understanding of our business,” saidMr.Lauder. Given the company’s strong focus on product excellence and the importance of innovation, harvey gedeon is being promoted to executive vice president for global research and development, reporting to mr.Lauder. “Harvey is a true master of research and development in the beauty business.He possesses a unique level of scientific expertise and intuitive knowledge of the consumer’s sensibility,”Said mr.Lauder. In light of the new regulatory environment under sarbanes oxley, lewis rice, vice president for security, will now report to sara moss, senior vice president and general counsel.This move expands ms.Moss’ responsibility for company compliance. The company will move the fashion stores and corporate sales group, led by executive vice president mike gibbons, into the team led by group president patrick bousquet chavanne.In doing so, the company will capitalize on the fashion stores and corporate sales group’s strong ties to the estee lauder brand and the aramis and designer fragrances division. “I am confident that this new structure and the individuals involved will take us to the next level of world class operations,”Said mr.Lauder. The estee lauder companies is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products.The company’s products are sold in more than 130 countries and territories under well recognized brand names, including estee lauder, aramis, clinique, prescriptives, origins, m a c, la mer, bobbi brown, tommy hilfiger, donna karan, aveda, stila, jo malone, bumble and bumble, kate spade beauty, darphin, michael kors and rodan fields.

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