| Notes |
Lauder is a participant in Greenland Development Partners, a Delaware-registered investor consortium that has bought into Greenland Investment Group — a company with ambitions that stretch well beyond consumer products.
Greenland Investment Group has expressed interest in bidding for a major hydropower project at Lake Tasersiaq, Greenland’s largest lake. The project is envisioned as the energy source for a future aluminum smelter and, according to company projections, could markedly increase the island’s export revenues and boost the territory’s public finances.
The company is chaired by Josette Sheeran, the former U.S. deputy secretary of state under Condoleezza Rice and former head of the UN World Food Programme. Sheeran also leads the investor group’s Greenland portfolio more broadly. |