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ELC veteran Leonard Lauder to step down from board

Chairman emeritus Leonard Lauder has announced that he won’t stand for re-election to the board of directors of Estée Lauder Companies (ELC) at the firm’s upcoming annual meeting. The move will end the executive’s long reign at the top of the beauty giant, which he initially joined in 1958 and served as president of from 1972 to 1995, as well as...