Estee Lauder Companies has appointed Dave Smith as Senior Vice President of New Business Development.
He will report to Andrew Ross, Executive Vice President of Strategy, Business Development and Integration.
Estee Lauder’s new business development was previously overseen by Shanarandaba. Shanarandaba has recently transitioned to take on the expanded role of leading a new incubation venture for Estee Lauder companies. She keeps reporting to Ross.
In a press release, the company praised Smith’s talent and experience as an expert in mergers and acquisitions (M & A) and strategic investment, and successfully facilitated all phases of the M & A process, including identifying and assessing eligible companies. Achievements “was mentioned. Building and managing relationships, developing strategic business cases, structuring creative transactions, due diligence and more.
The company further praised Smith for conducting “sophisticated M & A and strategic investment transactions that contributed to long-term growth and value creation in various industries” throughout Smith’s career.
Smith joined Estée Lauder from Corning Incorporated, a technology company specializing in specialty glass, ceramics and related materials, and has recently been Head of Corporate Venture Capital and Director of M & A. In this position, he led an interdisciplinary team in the execution of complex M & A transactions and the development of a wide range of strategic investment themes.
Prior to working at Corning, he was Senior Director of M & A at Ebay, focusing on M & A opportunities in user experience, machine learning, and logistics. During his career, he also spent more than a decade at several Wall Street companies in investment banking, investment management, and corporate strategy. For this, he was Managing Director of BNY Mellon, overseeing the corporate strategy of a company’s investment services portfolio. ..
“Dave’s deep experience, global perspective, and creative vision for new business development make him an ideal leader to help further develop our progressive end-to-end M & A strategy. “And Andrew Ross, Executive Vice President of Strategy, New Business Development and Integration, said. ..
“He brings the fusion of analytics and creativity to ELC, providing an excellent skill set for building and managing complex relationships with key stakeholders throughout the M & A ecosystem.”
Other than his work, Smith is a member of the board of directors at Winston Salem State University. Winston-Salem State University is a historically black college for underserved minority students from rural areas.
In November 2020, Estée Lauder, which owns brands of the same name such as Becca Cosmetics, Clinique, MAC and La Mer, saw analysts’ quarterly sales due to strong demand in China and a surge in online orders for skin care products. It exceeded the profit estimate.
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Estee Lauder Companies Appoints Dave Smith as SVP, New Business Development
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