Leadership Shakeup at LVMH Sees Louis Vuitton and Dior Get New CEOs
LVMH is starting 2023 with major executive shuffles within its fastest-growing flagship houses. In a momentous and unprecedented shakeup, the parent company has named the former head of Dior, Pietro Beccari to become the chairman and CEO of Louis Vuitton. Succeeding him as CEO of Dior is Delphine Arnault, Bernard Arnault‘s eldest child and LV’s executive vice president for the product for nine years. Michael Burke, who has long played a major role at the house, steps down at Louis Vuitton after a decade-long tenure. According to LVMH, Burke will “take up new responsibilities, reporting directly to Bernard Arnault.” Bernard Arnault is currently the chairman and CEO of LVMH, as well as head of the main family holding company, Financière Agache.
To accommodate the C-suite changes, Charles Delapalme has been elevated to managing director of Christian Dior Couture. He has been the executive vice president of Christian Dior’s commercial activities since 2018 and is well-versed in the conduct of the house. In addition, the chairman and CEO of LVMH’s watches and jewelry division, Stéphane Bianchi, will now have Tiffany & Co. and Repossi under his portfolio.
Comments
0 comment