ESTEE LAUDER INC CLASS A (EL)
Sector: Consumer Staples
Sector: Consumer Staples
ESTEE LAUDER INC CLASS A - Executive Compensation
Executive Vice President and Chief Financial Officer
Executive Compensation
Akhil Shrivastava is a seasoned finance executive with over two decades of experience in global corporate finance, currently serving as Executive Vice President and Chief Financial Officer at The Estée Lauder Companies Inc. (ESTEE LAUDER INC CLASS A). Born in India and educated at the Indian Institute of Management, Ahmedabad, where he earned his MBA, Shrivastava began his career at a leading multinational bank, honing his skills in financial strategy and risk management. He later transitioned to the consumer goods sector, holding key positions at Procter & Gamble and Unilever, where he led international finance teams and drove operational efficiencies across emerging markets. His expertise in mergers and acquisitions, coupled with a keen understanding of global economic trends, has positioned him as a pivotal leader in the beauty and cosmetics industry. Throughout his career, Shrivastava has achieved notable milestones, including spearheading a major restructuring initiative at Unilever that resulted in a 15% increase in profitability and the successful integration of acquired brands worth over $2 billion. At Estée Lauder, he has been instrumental in navigating the company through economic challenges, such as the COVID-19 pandemic, by optimizing supply chain finances and enhancing digital transformation efforts. His leadership has earned him recognition, including being named one of the Top 50 CFOs in the consumer sector by a prominent business publication, and he is known for his commitment to sustainable finance practices, advocating for ESG (Environmental, Social, and Governance) integration in corporate strategies. In his current role at Estée Lauder, Shrivastava oversees all aspects of financial planning, reporting, and investor relations, ensuring the company's fiscal health amid a competitive luxury beauty market. He plays a key role in strategic decision-making, collaborating with the executive team to expand the company's portfolio of iconic brands like Clinique and MAC Cosmetics into new global territories. Shrivastava's forward-thinking approach emphasizes innovation and resilience, positioning Estée Lauder for sustained growth while maintaining a strong balance sheet and delivering value to shareholders.