Laraine Mancini has been named senior vice president of investor relations at The Estée Lauder Cos. Inc. Mancini assumed the role on May 14.
She will oversee the day-to-day strategic investor relations program and serve as a spokeswoman to the investment community on Lauder’s performance and corporate values. She will report to Tracey T. Travis, executive vice president and chief financial officer.
“[Mancini’s] deep expertise and diverse experience brings a fresh, innovative and modern approach to investor relations,” Travis said. “I am confident that [Mancini’s] impressive financial market and investment analysis capabilities combined with her extensive investor relations background and broad network of relationships will further strengthen our investor relations initiative and deepen the financial community’s view of our longstanding leadership in the industry.”
Mancini’s responsibilities include broadening awareness of Lauder among global investors by educating current and prospective investors and the analyst community. She succeeds Dennis D’Andrea, who will retire on July 2 after more than 20 years at the company. D’Andrea and Mancini will work closely until his retirement to transition her into the role.
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She comes to Lauder with more than 30 years of experience as a finance executive in industries including media, business and financial sectors. For two years, Mancini served as senior vice president of finance and head of investor relations at Univision, where she established and oversaw the company’s investor relations department and maintained strong relationships with operating partners and the Wall Street investment community.
Mancini also served as vice president of corporate strategy and business development at Time Warner Cable and worked as a sell-side media analyst at Merrill Lynch, Lehman Brothers and Donaldson and Lufkin & Jenrette.
Her appointment follows the addition of two board members at Lauder earlier this month, putting the company’s board at near gender parity. Lauder also recently changed its parental leave policy to include an increase of paid paternal leave to 20 weeks for all parents, including those adopting or fostering a child. The policy allows six weeks of back-to-work flexibility to allow parents to bond with their children and transition back to work.