Travis, who will assume her new position on August 20, replaces the retiring Richard W. Kunes, who said in August 2011 that he would retire from his current role on June 30, 2012, at the end of Lauder’s fiscal year. Kunes has been named executive vice president and senior advisor to the chief executive officer, and will work on special projects after assisting Travis through the transition.
In her new role, Travis will report jointly to William Lauder, executive chairman, and Fabrizio Freda, president and ceo.
Travis most recently was senior vice president and chief financial officer of the Ralph Lauren Corp., where she oversaw global finance, internal audits, treasury, tax, business development, investor relations and global information technology. Before joining Ralph Lauren, Travis was senior vice president of finance and chief financial officer of intimate brands for Limited Brands Inc.
“[Tracey’s] broad background in all facets of global finance will be a tremendous asset to our growing organization,” Lauder said. “I also want to thank Rick for his immeasurable contributions as cfo for the last 12 years. Under his tenure, the company has achieved record financial results. Among his many accomplishments, he has helped implement greater financial discipline and developed a strong team that has positioned us as the leader in global prestige beauty.”
Added Freda: “I am looking forward to working closely with Tracey as we continue to implement the company’s successful long-term growth and profitability improvement strategy and strive for even greater global financial successes in the years ahead. Tracey has valuable business experience in consumer products, luxury brands, operations and finance and we believe her skills and background will be a terrific fit with our company and will help us continue to drive value creation for our stockholders.”
In her new role, Travis will be a member of Lauder’s executive leadership team, program management team, investment development committee, fiduciary investment committee and corporate risk management committee.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews