MAM
Meru Life announces leadership move as VML’s Kalpesh Patel charts transition to co-founder and COO role
MUMBAI: Meru Life announced the appointment of Kalpesh Patel as Co-Founder, COO, and Head of Technology. He will be overseeing technology and operations for Meru Life.
With close to three decades of experience leading cross-functional technology teams across services and product ecosystems, Kalpesh is joining Meru Life at a pivotal time in its journey. In his new role, he will be responsible for driving the company’s end-to-end technology vision, scaling platform capabilities, running operations, and building user-first digital products tailored for India’s growing 55+ demographic.
Before serving as head of operations at VML Enterprise Solutions (India), Kalpesh held the position of Senior Vice President – MarTech at Mirum India, a VML Company, where he led the company’s marketing technology vertical, overseeing software engineering teams and spearheading the execution of large-scale digital transformation projects. Under his leadership, Mirum’s MarTech practice evolved into a platform-agnostic delivery hub for international clients looking for expertise in customer experience, engineering, and CRM. He also helped with the evolution and operations of VML Enterprise Solutions India Hub.
Speaking on his appointment, Kalpesh Patel shared, “Technology, when built right, can unlock dignity, joy, and ease, especially in the later stages of life. Meru Life’s purpose of enabling Active Seniors to live empowered, independent lives resonates deeply with my belief that tech should serve people, not overwhelm them. I look forward to co-creating an ecosystem that is intuitive, scalable, and purpose-built to enhance the everyday experiences of our country’s Active Seniors.”
Welcoming him to the leadership team, Meru Life co-founder & CEO, Mihir Karkare noted, “Kalpesh brings the perfect blend of technical depth, product thinking, and purpose-driven leadership that we need at this stage of our growth. His ability to lead agile, scalable technology teams will be instrumental as we expand Meru Life’s platform and build products that truly serve the needs of India’s Active Seniors with clarity, accessibility, and care. We’re excited for this next chapter with him.”
Kalpesh’s appointment reflects Meru Life’s continued investment in building senior-first, future-ready products and services to support India’s active seniors in their journey toward better health, connection, and independence.
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.
