By  on December 14, 2009

This was a year of seismic shifts in the beauty industry, with new faces taking the helm at two of the most powerful names in the cosmetics industry: the Estée Lauder Cos. and Procter & Gamble.

Less than three years before, French giant L’Oréal had tapped a new chief executive officer in Jean-Paul Agon, setting the stage for the appointment of Fabrizio Freda at Lauder in New York and the ascension of Ed Shirley at P&G in Cincinnati.

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