Bernard Arnault, the world's richest person, appoints son to CEO role at LVMH amid leadership shake-up [Business Insider]
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Source: Business Insider
All five of Bernard's children work under LVMH, sparking speculation about his succession plans. A leadership shake-up at Bernard Arnault 's multibillion-dollar luxury conglomerate, LVMH, has resulted in one of his children landing a new executive position. LVMH said in a press release on Thursday that it made six new executive appointments after Bernard, 75, consulted with the company's Sustainability and Governance Committee of the Board of Directors. Bernard, CEO and chairman of LVMH, is the world's richest person with a $158.5 billion net worth. All five of his children hold positions in LVMH, which has several subsidiaries, including Christian Dior and Tag Heuer. Bernard's third eldest child, Alexandre Arnault, will serve as Deputy CEO of LVMH's Wines and Spirits division, Moët Hennessy, starting in February 2025. Alexandre is currently the Executive Vice President of Product and Communications at Tiffany & Co., which LVMH acquired in 2021. He will work alongside executi
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