Arnault Appoints Son Antoine to LVMH Executive Committee

2 hours ago 23

Bernard Arnault appointed his son Antoine to LVMH’s executive committee, another strong sign that he intends for his children to play an important role in the future of the luxury goods conglomerate.

The 48-year-old Antoine, who’s in charge of image and sustainability at LVMH Moët Hennessy Louis Vuitton SE, will join his father and his sister Delphine, 50, on the committee, according to a statement Monday. Delphine heads Christian Dior Couture, LVMH’s second-biggest fashion brand after Louis Vuitton. She was appointed on the committee when she was 43.

Antoine oversaw LVMH’s sponsorship of the Paris Olympic Games in 2024. The company and its brands featured prominently during the opening ceremony.

The LVMH executive committee is now composed of 14 members who typically run the different divisions or brands of LVMH.

Veronique Courtois, who is also now part of the executive committee, has replaced Stephane Rinderknech as head of the beauty division, which includes brands such as Parfums Christian Dior and Guerlain.

The appointments announced Monday are effective immediately.

Rinderknech, who joined LVMH from L’Oréal SA in 2022 according to his LinkedIn profile, is leaving the group to pursue “new personal projects.”

Arnault’s five children are all involved in LVMH operations, but the youngest three — Alexandre, 33, Frederic, 31, and Jean, 27 — have yet to join the executive committee. All except Jean are LVMH board members.

By Angelina Rascouet

Learn more:

LVMH Investors Demand Clarity on Bernard Arnault Succession Plan

Shareholders of the French conglomerate are expressing growing concern over the lack of transparency regarding Bernard Arnault’s plan for succession.

Read Entire Article