Estee Lauder 2011 Annual Report Download - page 13
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we are well positioned to manage our business more effectively and efficiently. We are
energized by our
momentum and are committed to refining our strategy as needed to continue to capture the biggest
opportunities that will sustain us for the years to come. I am confident that by staying focused and
disciplined, we will continue moving forward on the path toward a very promising future of sustained
profitable growth.
Sincerely,
Fabrizio Freda
President and Chief Executive Officer
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