Estée Lauder Companies (NYSE:EL) announced that Chairman Emeritus Leonard Lauder died over the weekend at the age of 92. Lauder joined the company in 1958 and played a key role in transforming the business from one that only sold a handful of products sold under a single brand in U.

Leonard Lauder joined the company in 1958 and played a key role in transforming the business from a handful of products sold under a single brand in U.S. stores to a multi-brand cosmetics giant.

Powerhouse beauty executive Leonard A. Lauder has died at 92. The chairman emeritus of Estée Lauder Companies passed on June 14 surrounded by family, a statement from the cosmetics conglomerate read Sunday.