Estee Lauder reportedly suspends executive John Demsey over Instagram post
Estee Lauder’s John Demsey attends the 2016 amfAR New York Gala at Cipriani Wall Street on February 10, 2016 in New York City.
Dimitrios Kambouris | Wireimage | Getty Images
The social media post, which has since been removed from Demsey’s personal account, displayed a spoof book cover of the TV show “Sesame Street,” and contained the N-word and jokes about Covid-19, said the Journal.
“The content posted does not represent the values of The Estée Lauder Companies,” the company said in an internal memo obtained by the Journal.
Estee Lauder and John Demsey were not immediately available for comment when CNBC reached out.
Last May, the executive marked 30 years at Estee Lauder. Demsey, who oversaw brands like Mac and Clinique, was suspended without pay, the report said. The paper did not know the length of the suspension.
Estee Lauder shares closed Wednesday down 1.61%, at $290.93 a share.