CEO of Deciem cosmetics brand ousted at request of Estée Lauder - News Summed Up

CEO of Deciem cosmetics brand ousted at request of Estée Lauder


- Estée Lauder court filing"Truaxe has exhibited extremely erratic, disturbing and offensive behaviour in his role as president and chief executive officer over the course of this year," Estée Lauder's court filing said. Estée Lauder alleged Truaxe threatened that anyone who did not follow his directions "will be terminated." Lawyers for Estée Lauder, Deciem and Cusano said they had spoken to Kilner who is willing to take the reins of the company and hopes to get the brand operating again on Saturday. In a statement emailed to CBC, Estée Lauder said the court decision reinforces the company's "strong commitment" to Deciem and its employees. Estée Lauder's court filing said Truaxe's choices around Kilner's employment were made "unilaterally" and without being run by the board of directors or Estée Lauder.


Source: CBC News October 12, 2018 17:24 UTC



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