Richard “Dick” D. Parsons, a distinguished and respected member of The Estée Lauder Companies (ELC) Board of Directors, passed away on December 26, 2024, leaving behind an enduring legacy of leadership and wisdom. Serving on the Board for over two decades, Parsons was far more than a trusted advisor—he was a mentor, a friend, and a steadfast presence who guided three generations of the Lauder family and ELC’s leadership team. Estée Lauder Board Member Richard Parsons Passes Away at 76, marking the end of an era for the company and the broader business community.
William P. Lauder, Chairman of The Estée Lauder Companies, expressed profound sadness at Parsons’ passing. “On behalf of The Estée Lauder Companies’ Board of Directors, my family, and our colleagues around the world, we join in mourning the loss of Richard D. Parsons. Dick was a sage counselor and steady hand, providing more than two decades of service to our company and communities. Though we will miss him immensely, our company is better as a result of his committed service and the values he perfectly embodied: his humanity, his integrity, and his abiding optimism. We are deeply saddened by his passing and forever grateful for his innumerable contributions.” These heartfelt words reflect the deep admiration and respect that Parsons earned over his long tenure at ELC.
Estée Lauder Board Member Richard Parsons Passes Away at 76, leaving behind an incredible legacy in law, finance, and media. Parsons’ career was a testament to his unmatched breadth of knowledge and experience. He joined the ELC Board in 1999, bringing with him a wealth of expertise honed during his illustrious career. Notably, Parsons served as the former chairman of Citigroup, Chairman and CEO of Time Warner, and an economic advisor to President Barack Obama. His diverse background enabled him to provide valuable insights on critical issues, especially in his roles on various ELC committees, including the Compensation Committee and the Nominating and ESG Committee.
For over twenty years, Parsons’ counsel was integral to ELC’s growth and resilience, helping the company navigate both triumphs and challenges. His legacy will endure, inspiring those fortunate enough to have worked with him, and continuing to influence the many lives he touched during his remarkable career. Estée Lauder Board Member Richard Parsons Passes Away at 76, leaving a profound impact on the company and the world of business.
