The Estée Lauder Companies, a manufacturer of skin care, makeup, fragrance and hair care products, has appointed Tracey Travis as executive vice president (EVP) and chief financial officer (CFO). She will jointly report to William Lauder, executive chairman, and Fabrizio Freda, president and chief executive officer (CEO). Travis will assume her new position on 20 August 2012.
Travis brings a wealth of global financial experience, having worked for a number of Fortune 500 consumer product companies in a variety of industries during her career. Since 2005, she has been senior vice president (SVP) and CFO of Ralph Lauren, responsible for global finance, internal audit, treasury, tax, business development, investor relations and global information technology. Ralph Lauren is a global designer and marketer of premium lifestyle products and brands across the apparel, home, accessories and fragrance categories.
Previously, Travis was SVP, finance and CFO of Intimate Brands for Limited Brands from 2001 to 2004. She also spent a decade at PepsiCo and the Pepsi Bottling Group, where she held operations management and finance roles. She began her career as an engineer and a senior financial analyst at General Motors (GM).
Travis will succeed Richard Kunes, a 26-year veteran of the company. In August 2011, Kunes announced his plans to retire and stated his intention to continue to serve as EVP and CFO until such time as his successor began to serve in such capacity. Kunes will become EVP, senior advisor to the CEO, working on special projects and will assist Travis during a transition period.
Travis is also a member of the board of directors of Campbell Soup Company, as well as on the boards of the Lincoln Center Theater and the Women’s Forum of New York. She also sits on the executive advisory board of the Programme for Financial Studies at Columbia University’s Graduate School of Business and is a member of the board of trustees of the University of Pittsburgh.
Travis graduated from the University of Pittsburgh with a BSc in Industrial Engineering and in 2009 the University honoured her with a Distinguished Alumni Award. She earned an MBA in Finance and Operations Management from Columbia University.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.