Leonard Lauder, Estee Lauder Heir and Arts Advocate, Dies at 92
Leonard Lauder, former CEO of Estée Lauder and a prominent philanthropist, died at 92 surrounded by family, leaving behind a legacy of beauty innovation and charitable contributions in art and medical research.
Lauder's death marks the end of an era for Estée Lauder Companies, which he transformed into a leading global cosmetics brand and where he championed products like Clinique and MAC. His philanthropic legacy includes significant contributions to art through a notable Cubist collection at the Metropolitan Museum of Art and dedicated efforts in cancer research, particularly through the Alzheimer's Drug Discovery Foundation he co-founded. Lauder's impact extends beyond beauty, emphasizing kindness and the importance of personal connections in business.
Leonard Lauder was born in 1933 in New York City, the same year his mother, Estée Lauder, established the beauty brand that would eventually bear their family name. From a young age, Lauder was involved in the family business, learning the fundamentals of the beauty industry. He gradually assumed more significant roles within the company, ultimately leading it as CEO from 1982 until his retirement in 1999, and later serving as chairman from 1995.
Under Lauder's leadership, the company expanded into international markets and diversified its product offerings. He played a pivotal role in launching Clinique, which became the first allergy-tested and fragrance-free skincare line, and MAC Cosmetics, known for its vibrant colors and embrace of diversity. These brands established themselves as powerful players in the global cosmetics market and contributed significantly to the company's growth.
Lauder's innovative strategies included a unique approach to customer relationships, emphasizing the importance of personal interactions and understanding customer needs. This methodology led to increased customer loyalty and contributed to the brand's reputation for quality and care. His sales philosophy was further exemplified by the introduction of the concept of the 'lipstick index' during economic downturns, which illustrated the tendency for lipstick sales to rise when consumers faced financial difficulties.
In 1995, Lauder announced the company's decision to go public, leading to its listing on the New York Stock Exchange. This move was significant not only for the company's financial trajectory but also as an indicator of its stability and growth potential in the competitive cosmetics industry. Lauder's tenure saw the company expand its portfolio with various successful brand acquisitions, securing its place as a giant in beauty retail.
Lauder's contributions extended well beyond the corporate world; he was heavily involved in philanthropic initiatives, particularly in areas such as the arts and medical research. In 2013, he pledged a substantial collection of Cubist artworks to the Metropolitan Museum of Art, which included works from renowned artists such as Pablo Picasso and Georges Braque. This donation established the Leonard A. Lauder Research Center of Modern Art, aimed at advancing the study and appreciation of modernist art.
In addition to his work in the arts, Lauder was a prominent advocate for health-related causes. He co-founded the Alzheimer's Drug Discovery Foundation in 1998, which focuses on advancing the development of drugs to treat Alzheimer’s disease. His commitment to cancer research was evident in his efforts to raise awareness for breast cancer, an issue that resonates within his family and business worlds.
Lauder's commitment to kindness and corporate responsibility was evident to those who worked with him. His son, William Lauder, remarked on his father's leadership style, emphasizing the importance of fostering good relationships with employees and customers. This human-centric approach not only shaped the culture within Estée Lauder Companies but also set a precedent for ethical and compassionate business practices in the industry.
Leonard Lauder was married to Evelyn Lauder from 1959 until her death in 2011. Afterward, he married Judy Glickman, who survives him alongside his two sons, William and Gary. Throughout his life, Lauder maintained a close-knit relationship with his family, which he valued deeply.
With his passing, Leonard Lauder leaves behind a profound legacy that intertwines his contributions to the beauty industry, philanthropy, and family. His innovative spirit and commitment to social causes have set standards in both the business world and the realms of art and health, ensuring that his impact will be felt for generations to come.