Estee Lauder Shares Rise After P&G's Freda Named to Replace Lauder as CEO Estee Lauder Cos., the maker of Clinique cosmetics, gained the most in nine months in U.S. trading after it said Chief Executive Officer William Lauder will step down in the next two years and be replaced by Fabrizio Freda, a Procter & Gamble Co. executive.

William P. Lauder, grandson of Estee Lauder (founder) became CEO back on July 1 2004.