Alexandre, executive vice-president of Tiffany after having worked at the trunk maker Rimowa, received 93.41% of the votes and Frédéric, who joined Tag Heuer in 2017 to manage the connected watch activities, before being named CEO of the mark in 2020, 93.43% of votes.
The Arnault family group holds 48.6% of the capital of LVMH and 64.3% of the votes. “I have the majority of votes, so…”laughed Bernard Arnault a little before the votes.
Delphine, 49, and Antoine, 46, born from a first marriage, are also members of the board of directors of LVMH. The mandate of Antoine Arnault was renewed with 92.57% of the votes.
Jean, the last of five siblings, remains the only one not on the board of directors. “He has time, he is young”Bernard Arnault, 79, declared in January.
Bernard Arnault’s five children now work for the world’s number one luxury company.
Delphine is CEO of Dior. Antoine recently left the position of CEO of Berluti, retaining only the presidency, and “could take on other responsibilities”according to a source close to the matter.
“We’ve been a great team for 23 years”
He is also chairman of Loro Piana, general manager and vice-chairman of the board of directors of the Christian Dior SE holding company which controls LVMH and responsible for the image and environment of the LVMH group.
During this meeting, Henri de Castries, 69, the former CEO of the insurer Axa and current president of the Institut Montaigne, was also appointed to the board of directors with 99.94% of votes.
It will also be proposed to the board of directors to co-opt Wei Sun Christianson as director to succeed Toni Belloni, number two of the group who announced her departure at the end of March but will remain responsible for supervising the activities of LVMH in Italy.
“We’ve been a great team for 23 years”declared Bernard Arnault saluting the professionalism but also the humanity of the manager. “I am perhaps a little less, how should I say, warm”he laughed.
Charles de Croisset and Yves-Thibault de Silguy are leaving the council, after having served there for 15 years, as well as Nicolas Bazire, “faithful for 25 years”.
