MAM
Havas Worldwide India appoints Arjun Jetly, Neharika Awal, Ajitesh Verma & Monish Gupta as executive creative directors
Mumbai: Havas Worldwide India, the creative agency of Havas India, has strengthened its creative team with the appointment of Arjun Jetly, Neharika Awal, Ajitesh Verma, and Monish Gupta as executive creative directors.
Based out of Gurugram, all four will report to Anupama Ramaswamy, chief creative officer of Havas Worldwide India, and will be responsible for further strengthening the creative offering of the agency.
Speaking about the appointments, Havas Worldwide India chief creative officer Anupama Ramaswamy said, “Now is the time for our work to shine. And I can’t think of a better team to lead this than Neharika, Monish, Arjun and Ajitesh. I’m delighted to welcome them into the Havas family. They are a dynamic bunch, brimming with new ideas, each having their own individual strengths, which will not just help the brands we work on but also the teams. I believe in their capabilities and mindset to take Havas Worldwide India to newer heights.”
His second stint with Havas Worldwide India, Arjun was the brain behind some of Durex’s most-loved campaigns including Mutual Climax and Invisible. He joins the agency from Cheil India and has also worked in agencies like The Glitch. Over the course of his career, he’s worked extensively on marquee brands from across categories including Durex, Veet, Mirinda, 7Up, Monkey Shoulder, Lay’s, Kurkure, Doritos, Cadbury, 5-Star, Horlicks, Eno, Happydent, Mentos, Adobe, MG Motor, to name a few. He has also won prestigious awards for his work, including Cannes Lions, Effies and ABBYs.
Neharika has joined Havas Worldwide India following an eight-year stint in Dentsu. Before Dentsu, she worked at Leo Burnett, Saatchi & Saatchi, Ogilvy and DDB Mudra. Through the course of her career, she has worked with leading brands including Honda Cars, OLX, Biba, Chaayos, Tasva, Canon and Dominos, to name a few, and has prominent awards including Effies and ABBYs to her name.
Ajitesh has worked with erstwhile Wunderman Thompson, BBDO India, McCann Worldwide and Leo Burnett before joining Havas Worldwide India. Some of his most accomplished work has been on brands from diverse sectors including Meta, The Times of India, Flipkart, PhonePe, Swiggy, Mountain Dew Global, Pepsi Foods, ITC, Britannia, Nestlé and GSK.
Through his career, Monish has managed a wide portfolio of brands, including some of the biggest names in auto, consumer electronics, lifestyle, fashion, and hospitality including Maruti Suzuki, Honda Bikes, Citroën, LG, Samsung Phones, Myntra, and Burger King, among others. Monish who joins Havas Worldwide India from Leo Burnett has also worked at Dentsu, Lowe Lintas, erstwhile J Walter Thompson and Cheil.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
