[By NBC-1TV H. J Yook]The Estée Lauder Companies Inc. (NYSE:EL) announced today that Guillaume Jesel has been named to the newly created position of Senior Vice President/General Manager, Global Corporate Innovation. Mr. Jesel will transition from his current role as Senior Vice President, Global and North America Marketing for M·A·C Cosmetics to his new position, effective March 31, 2014. In his position, Mr. Jesel will report to Carl Haney, Executive Vice President, Global Research and Development, Corporate Product Innovation, Package Development for The Estée Lauder Companies.

Mr. Jesel will lead Global Corporate Innovation, including corporate technologies, external innovation and the Company’s long-term innovation pipeline and portfolio. During his transition, he will work closely with Daria Myers, Senior Vice President, Global Corporate Innovation and Sustainability. Ms. Myers will remain an advisor to both Mr. Jesel and Mr. Haney.

Since Ms. Myers joined Corporate Innovation in 2009, the Company’s capabilities in this area have grown substantially in global expertise and scale. Her leadership has helped build a multi-stream, multi-year innovation pipeline that has kept the Company on the cutting edge of prestige beauty.

“From the time our Company was founded, innovation has been the heart and soul fueling our brands’ success. Under Daria’s outstanding leadership, the reach of Corporate Innovation has expanded in scope, talent and impact, resulting in high-performing, world-class prestige beauty products desired by consumers globally,” said Mr. Haney.

Mr. Jesel has been in his current position since 2007; during this time, he has played an integral role in shaping the brand strategy with the M·A·C leadership team. His extensive experience includes the deployment of M·A·C’s 50 launches annually, spearheading the acceleration of local and cultural relevance efforts for the powerhouse brand and overseeing M·A·C’s Product Marketing, Supply Chain and Consumer Marketing and Insights. Mr. Jesel also helped lead the brand’s groundbreaking fashion and pop culture partnerships and collaborations, establishing the brand as a leader in social media, and contributing to the success of its breakthrough Viva Glam campaigns in support of the M·A·C AIDS Fund.

Mr. Haney said, “Guillaume’s keen understanding of how innovation drives brand growth, complemented by his strong experience in marketing and branding, makes him ideally suited for this new role. Additionally, his leadership and close partnership with Daria will ensure we continue to build on our Company’s longstanding heritage of innovation and help set the trends in prestige beauty for many years to come.”