MAM
TrioTree Technologies appoints new COO and VP
Mumbai: TrioTree Technologies has announced the appointment of Divyesh J Sampat as chief operating officer (COO) and Mihir Jha as vice president of technology and innovations. These hires come at a crucial time for TrioTree, as the company experiences significant growth and transformation, underscoring its commitment to operational excellence and technological advancement.
TrioTree has been navigating substantial growth, necessitating enhanced leadership to sustain this momentum and further accelerate its initiatives. Divyesh J Sampat, the newly appointed COO, brings over 23 years of experience in operational leadership. His tenure at Wipro saw him driving operational efficiency and achieving sustainable growth, making him an invaluable addition to TrioTree’s executive team. Mihir Jha, the new VP of technology and innovations comes with 20 years of experience in technology management. His impressive background includes leading technological advancements and successfully launching several products and solutions.
Commenting on these significant appointments, TrioTree Technologies founder & CEO Surjeet Thakur stated, “TrioTree is experiencing a period of significant growth and transformation. To sustain our momentum and further accelerate our initiatives, we recognized the need for enhanced leadership in key areas. The decision to bring on a new chief operating officer (COO) and vice president of technology was driven by our commitment to operational excellence and technological advancement. These appointments are aimed at strengthening our executive team to navigate the complexities of a rapidly evolving market and to drive our company towards new horizons.”
The newly appointed COO, Divyesh J Sampat commented: “I am excited to join TrioTree at such a vital time. My focus will be on enhancing our strategies to support our expanding customer base and global presence. I am committed to refining our processes, driving efficiency, and ensuring that our operations are scalable to meet the growing demands. Together with the talented team at TrioTree, I look forward to contributing to the company’s continued success and making a significant impact on its journey forward.”
The new VP of technology and innovations, Mihir Jha shared: “I look forward to leading our technology initiatives, driving digital transformation, and ensuring that we remain at the forefront of technological advancements. My goal is to create a robust technological framework that not only supports our current objectives but also paves the way for the future. By creating a culture of creativity, I am confident that we will deliver exceptional value to our stakeholders.”
The new appointments are set to play pivotal roles in TrioTree’s growth strategy. Sampat will focus on enhancing operational frameworks, ensuring scalability, and driving efficiency across all functions. His expertise will be crucial in refining operational strategies to support TrioTree’s expanding customer base and global presence. Meanwhile, Jha will lead the company’s technology roadmap and ensure that TrioTree’s technological capabilities are aligned with its goals. Together, they will streamline operations and harness innovative technology to propel TrioTree to new levels of success.
In addition to these senior appointments, TrioTree Technologies has also announced the onboarding of 15 new team members, bringing the company size to more than 250. These new members will contribute to various domains within the organisation, supporting TrioTree’s ongoing growth and expansion.
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.
