Estee Lauder 2011 Annual Report Download - page 7

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I want to give a special thanks to my father, Leonard Lauder, whose expertise and energy continue to be a
benchmark of leadership excellence for all of us who work with him. I am also grateful to our Executive
Leadership Team for its exceptional management, our Board of Directors for its continued guidance and to
my colleague and partner, Fabrizio Freda, for his tremendous efforts in taking our Company to new heights.
Of course, I am indebted to our incredible employees who embody the wealth of our Company.
As we continue to expand our business, whether it be in the digital space or in emerging markets,
we will live our mission to “bring the best to everyone we touch and be the best in everything we do.”
This is a very exciting time for us, and I am extremely gratified by the many successes of The Estée Lauder
Companies. I extend my deepest thanks to all of you who have helped us achieve extraordinary success
and who continue to shape our history— our employees, our consumers, our customers, our suppliers, our
communities and our stockholders. I look forward to the many years ahead of us as we continue to earn
your trust, your confidence and your pride.
Sincerely,
William P. Lauder
Executive Chairman
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