By  on May 8, 2009

As H. Ross Perot once said, inventories can be managed but people must be led. Strong leadership is particularly critical now, as the beauty industry continues to grapple with the fallout of the global economic crisis and the shifting paradigm of consumer behavior in an age of uncertainty.

Along with the changing landscape has come a new era of leadership for two of beauty’s biggest players. The Estée Lauder Cos. recently elevated Fabrizio Freda to chief executive officer after 16 months as chief operating officer, while Ed Shirley has taken the reins of Procter & Gamble’s beauty and grooming business as vice chair of the division.

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