Estée Lauder elects Arturo Nuñez to board
Cosmetics group Estée Lauder announced on Monday the election of Arturo Nuñez to its board of directors, alongside a position on the company’s Audit Committee.
Nuñez, who is chief marketing officer of Nu Holdings, a digital banking platform headquartered in Brazil since last summer, joins the company as a Class I director with a term expiring November 2024, effective Monday.
Prior to joining Nubank, he founded AIE Creative, a branding and marketing firm, and from 2014 to 2018, he was the head of marketing, Latin America, for Apple Inc.
Moreover, from 2007 to 2014, Nunez held various marketing positions at Nike, Inc., including global vice president, basketball marketing. Prior to that, from 1999 to 2007, he held various positions at the National Basketball Association (NBA) including vice president, managing director, NBA Latin America and U.S. Hispanic.
“We welcome Arturo Nuñez and are excited that he is joining our board of directors,” said William P. Lauder, executive chairman.
“Arturo has an impressive global business background that includes consumer-oriented experience from his current role at Nubank and his previous positions at Apple, Nike, and the NBA. We expect that our board will benefit from Arturo’s valuable perspectives on creative marketing, modern retail, innovative technology, and consumer branding, including connecting with diverse consumers.”
The appointment brings the board of directors to 16 directors. The Estée Lauder Group, which owns Le Labo and Tom Ford Beauty, as well as its namesake Estée Lauder brand, reported sales of $5.54 billion in the second quarter of its fiscal year, from September to December.
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