Business
Leonard A. Lauder
(Estée Lauder Companies)

Former Estée Lauder CEO Leonard A. Lauder passes away, leaving transformative beauty legacy

The longtime executive helped shape Estée Lauder into a global beauty leader with brand-defining deals and vision.

Nia Warfield

Longtime Estée Lauder Chairman Emeritus Leonard A. Lauder has passed away after more than 60 years with the company.

Leonard was the eldest son of Estée and Joseph H. Lauder, the founders of The Estée Lauder Companies. He officially joined the business in 1958, played a key role in its expansion, and was pivotal in the company’s transformation into a global beauty empire. He served as president from 1972 to 1995, CEO from 1982 to 1999, and chairman from 1995 through 2009.

In addition to establishing the company’s first research and development lab, Lauder was instrumental in acquiring some of the most recognizable names in beauty, including Aveda, Bobbi Brown, La Mer, and MAC Cosmetics.

Estée Lauder shares rose more than 10% Monday and is now flat on the year.

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Large fire reported again at Novelis aluminum plant in Oswego County

Large fire reported again at Novelis aluminum plant in Oswego County

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As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

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