The Estée Lauder Companies Inc. announced that Arturo Nuñez has been elected to its Board of Directors and that he has also joined the company’s Audit Committee. Mr. Nuñez is Chief Marketing Officer of Nu Holdings Ltd. (Nubank), which is a digital banking platform headquartered in Brazil that serves customers across Brazil, Mexico, and Colombia.
What are the executive thoughts on the appointment?
“We welcome Arturo Nuñez to our Board of Directors. Arturo has an impressive global track record that includes consumer-oriented experience from his current role at Nubank and his previous positions at Apple, Nike, and the NBA,” said William P. Lauder, Executive Chairman.
“We expect to benefit from Arturo’s perspectives on creative marketing, modern retail, innovative technology, and consumer branding, including connecting with diverse consumers.”
What is Nuñez’s industry expertise?
Mr. Nuñez, 55, has been the Chief Marketing Officer (CMO) of Nubank since June 2021. Prior to joining Nubank, he founded AIE Creative, a branding and marketing firm, and from 2014 to 2018, he was the Head of Marketing, Latin America, for Apple Inc.
From 2007 to 2014, Mr. Nunez held various marketing positions at NIKE, including Global Vice President, Basketball Marketing, and from 1999 to 2007, he held various positions at the National Basketball Association (NBA) including Vice President, Managing Director, NBA Latin America and U.S. Hispanic. Mr. Nuñez graduated from Florida A&M University.
Mr. Nuñez is a Class I director (term expiring November 2024). The Board of Directors of The Estée Lauder Companies Inc. now has 16 directors including Mr. Nuñez.