Estée Lauder appoints Dave Smith as SVP, New Business Development
The Estée Lauder Companies has announced the appointment of Dave Smith as its Senior Vice President of New Business Development (NBD).
Smith will report to The Estée Lauder Companies’ Executive Vice President, Strategy, New Business Development and Integration Andrew Ross.
He replaces Shana Randhava, who will continue to report directly to Ross while taking on an expanded role leading New Incubation Ventures, a new capability for ELC.
Throughout his career, Smith has executed sophisticated M&A and strategic investment transactions that have contributed to long-term growth and value creation across a variety of industries. He has a proven track record of successfully driving all phases of the M&A process, including identification and evaluation of target companies, relationship building and management and strategic business case development.
Before joining ELC, Smith was head of Corporate Venture Capital and Director of M&A at Corning Incorporated, an innovator in applied science, where he led an interdisciplinary team in the execution of complex M&A transactions and the development of broad, strategic investment themes.
“Dave’s deep experience, global perspective and creative vision for New Business Development make him the ideal leader to help us further develop our progressive end-to-end M&A strategy,” said Ross.
Prior to his role at Corning, Smith was Senior Director, M&A at eBay, Inc., where he focused on M&A opportunities in user experience, machine learning and logistics. He also spent more than a decade at premier Wall Street firms in investment banking, investment management and corporate strategy, and has served as Managing Director at BNY Mellon, where he oversaw the corporate strategy for the investment services portfolio of businesses.
Ross said in a statement that the new SVP brings to ELC a blend of analytics and creativity, as well as an outstanding skillset in building and managing complex relationships with key stakeholders throughout the M&A ecosystem.
Source: Estée Lauder Companies