LVMH moves CFO to head Moët Hennessy arm [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
Guiony will replace long-time executive Philippe Schaus on 1 February. Deputy finance chief Cecile Cabanis will become LVMH's new CFO on the same date. In October, LVMH dismissed a report by French media outlet La Lettre that had said the Hennessy Cognac owner was considering a management reshuffle at its wine and spirits unit, which has been struggling with pressure on sales in the US and China. In a statement today (14 November), LVMH said Schaus, a 21-year veteran of the company, will support the new team in the first half of 2025 but has decided to focus on non-executive roles. Cabanis is a former senior executive at French dairy major Danone, which she joined in 2004. She held a number of positions at the Evian brand owner, including corporate finance director, M&A director and then finance director of the fresh-products division, before being appointed CFO of the dairy group. In 2021, Cabanis left Danone and joined Tikehau Capital as deputy CEO. The moves follow the
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