LVMH instigates significant leadership changes across its divisions as 2025 approaches.
- Alexandre Arnault, son of CEO Bernard Arnault, is named deputy CEO of LVMH’s wines and spirits division.
- Jean-Jacques Guiony steps up as CEO of Moët Hennessy.
- Guiony’s previous role as CFO is taken over by Cécile Cabanis.
- LVMH faces a challenging financial year with a slight revenue drop.
Luxury conglomerate LVMH has announced a major reshuffle in its leadership as 2025 looms. Alexandre Arnault, currently the executive vice president at Tiffany, will assume the role of deputy CEO of LVMH’s wines and spirits division on 1 February 2025. His move marks a significant step in his career within the family-run empire.
Jean-Jacques Guiony, who has been with LVMH since 2003, has been appointed CEO and president of Moët Hennessy. Guiony has a longstanding history with the company, having served as deputy finance director and then chief financial officer. He succeeds Philippe Schaus, who steps down after 21 years, opting to focus on non-executive roles.
The reshuffle sees Cécile Cabanis taking over as chief financial officer. Charles Delapalme, who has shown strong leadership as managing director since 2018, becomes CEO of Hennessy. He replaces Laurent Boillot, whose future role will be revealed later.
Guillaume Motte, president and CEO of another LVMH brand, Sephora, joins the executive committee, effective 1 January 2025. This addition strengthens the leadership team as the group navigates ongoing market challenges.
Financially, LVMH reported revenues of €41.7bn for the first half of 2024, a slight 1% decrease from the previous year. Profits from recurring operations also saw an 8% decline. Notably, while categories like fashion and leather goods, perfumes, and retail showed marginal growth, sectors such as watches, jewellery, wines, and spirits experienced declines.
LVMH’s leadership changes come at a pivotal time as the group seeks to navigate economic challenges.
