John Demsey of Estee Lauder attends the 2016 amfAR New York Gala held at Cipriani Wall Street on February 10, 2016 in New York City.
Dimitrios Kambouris | Wire image | Getty Images
New York-based cosmetics company Estee Lauder has suspended executive group president John Demsey over a recent Instagram post containing racist comments, according to The Wall Street Journal.
The social media post, which has since been deleted from Demsey’s personal account, featured a spoof book cover from the TV show “Sesame Street” and featured the N-word and jokes about Covid-19, the Journal reported.
“The content posted does not represent the values of The Estée Lauder Companies,” the company said in an internal memo obtained by the magazine.
Estee Lauder and John Demsey were not immediately available for comment when Slice Mag reached out to them.
Last May, the executive celebrated 30 years at Estee Lauder. Demsey, who oversaw brands like Mac and Clinique, was suspended without pay, the report said. The newspaper did not know the length of the suspension.
Estee Lauder shares closed 1.61% lower Wednesday, at $290.93 per share.
Read the WSJ article here.