LAUDER’S OPTIONS: The Estée Lauder Cos. chairman Leonard Lauder plans to sell 800,000 shares of the firm’s Class A common stock underlying options that expire in 2005. Approximately 200,000 shares will be sold each quarter for a year under a prearranged plan established for the orderly sale of the shares related to options granted in 1995. The shares slated for sale represent less than 1.5 percent of the shares and options beneficially owned directly or indirectly by Lauder, who may also sell other shares outside the plan as circumstances warrant. As of April 23, the firm had more than 230 million shares of Class A and Class B common stock outstanding.

RACHMANIS TO FIRMENICH: Daniel Rachmanis, currently chairman of TechPack International, will join Firmenich on June 1 in a senior management role overseeing operations in the Americas. In his new post, Rachmanis will report to Charles Drayson, Firmenich’s president of fine fragrances for North America.

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