Estée Lauder shakes up new business development team

Estée Lauder is adding a new face to its new business development team.

The company announced that Dave Smith would be taking over as the division’s new senior vice president, reporting to Andrew Ross, the current executive vice president of strategy in new business development and integration.

Smith is taking over for Shana Randhava, who has been appointed to an expanding role in the company’s new incubation ventures.

“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,” Andrew Ross, executive vice president of strategy at news business development and integration. “He 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.”

Previously, Smith was a leading innovator in applied science at Corning Incorporated, and most recently the head of corporate venture capital and director of M&A, the company said.

Prior to that, Smith held various roles at eBay and BNY Mellon.