- LVMH-Moët Hennessy Louis Vuitton LVMHF has appointed The daughter of Chairman and CEO Bernard Arnault, Delphine Arnault, as head of Christian Dior Couture.
- Charles Delapalme, Executive Vice President of Christian Dior Couture and in charge of commercial activities since 2018, is appointed Managing Director Director of Christian Dior Couture.
- Pietro Beccari, who has headed Christian Dior Couture since 2018, will become Chairman and CEO of Louis Vuitton. He succeeds Michael Burke, who will take on new responsibilities and report directly to Bernard Arnault.
- Stephane Bianchi, Chairman and Chief Executive Officer of the Watches & Jewelry division, will also lead Tiffany and Repossi.
- “Succession planning in strategic positions has been critical to the success of LVMH’s key brands over the past 20 years, so today’s moves are significant,” Reuters reported quote Citi analyst Thomas Chauvet.
- The leadership changes will take effect in February.
- Price promotion: LVMHF shares closed up 0.87% at $812.26 on Tuesday.
- Photo via company
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