With six weeks to go before taking the reins of The Estée Lauder Companies, incoming C.E.O. Stéphane de La Faverie flew to Canada the other day with another high-ranking executive, Nicola Kilner, to deliver some deflating news. Kilner, the co-founder and C.E.O. of Deciem, would be stepping back from the Toronto-helmed beauty brand that she founded 11 years ago—five months after ELC finally completed its gradual, years-long acquisition of her company for $1.7 billion.
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