Estee Lauder (EL)

NEW YORK--(BUSINESS WIRE)--
The Board of Directors of The Estée Lauder Companies Inc. (NYSE: EL) has
expanded the Board to 14 members and elected Richard F. Zannino as a
Director effective January 14, 2010. He will also serve as an additional
member of the Audit Committee.

Mr. Zannino, 51, is a Managing Director at the private equity firm CCMP
Capital Advisors, LLC, a position he has held since July 2009. He is on
the firmâ??s investment committee and co-heads the consumer, retail and
media practices. Prior to joining CCMP Capital, he was Chief Executive
Officer and member of the Board of Directors of Dow Jones & Company from
February 2006 until his resignation in January 2008, shortly after its
acquisition by News Corp. Mr. Zannino joined Dow Jones as Executive Vice
President and Chief Financial Officer in February 2001 and was promoted
to Chief Operating Officer in July 2002. From 1998 to 2001, he was
Executive Vice President of Liz Claiborne
where he oversaw the
finance, administration, retail fragrance and licensing divisions. From
1993 to 1998, Mr. Zannino was with Saks Fifth Avenue, serving as Vice
President and Treasurer, Senior Vice President, Finance and Merchandise
Planning and then Executive Vice President and Chief Financial Officer.
He earned his B.S. in finance and economics from Bentley College and an
M.B.A. in finance from Pace University.

â??We are very pleased that Rich Zannino is joining our Board of
Directors,� said William P. Lauder, Executive Chairman of The Estée
Lauder Companies Inc. â??Richâ??s broad-based experience at various
retailing and media companies and his financial expertise will be an
asset to our Company and its stockholders.�

Mr. Zannino also serves as a Director of IAC/InterActive Corp. and a
Trustee of Pace University.

The Estée Lauder Companies Inc. is one of the worldâ??s leading
manufacturers and marketers of quality skin care, makeup, fragrance and
hair care products. The Companyâ??s products are sold in over 140
countries and territories under the following brand names: Estée Lauder,
Aramis, Clinique, Prescriptives, Lab Series, Origins, Mâ?¢Aâ?¢C, Bobbi
Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan, Aveda, Jo Malone,
Bumble and bumble, Darphin,
Michael Kors, American Beauty,
Flirt!, Good Skinâ?¢, Grassroots Research Labs, Sean John, Missoni, Daisy
Fuentes, Tom Ford, Coach and Ojon.

An electronic version of this release can be found at the Companyâ??s
website, www.elcompanies.com.

The forward-looking statements in Mr. Lauderâ??s remarks above involve
risks and uncertainties. Factors that could cause actual results to
differ materially from those forward-looking statements include current
economic and other conditions in the global marketplace, shifts in the
preferences of consumers as to where and how they shop for the types of
products the Company sells, competition, the Companyâ??s ability to
successfully implement its long-term strategic plan and those described
in the Companyâ??s quarterly report on Form 10-Q for the quarter ended
September 30, 2009.

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Source: The Estée Lauder Companies Inc.