LVMH has announced a series of leadership changes aimed at strengthening its management team.
- Alexandre Arnault, son of CEO Bernard Arnault, will soon become deputy CEO of the wines and spirits division.
- Jean-Jacques Guiony has been named CEO and president of Moët Hennessy, replacing Philippe Schaus.
- Cécile Cabanis will advance to CFO, taking over from Guiony’s previous role.
- Guillaume Motte is set to join the executive committee starting January.
LVMH, the world-renowned luxury goods conglomerate, has initiated significant changes within its leadership structure. These alterations are designed to bolster the company’s strategic direction and enhance managerial expertise in key divisions of the conglomerate.
Alexandre Arnault, currently serving as executive vice president of product, communications, and industrial at Tiffany, will assume his new responsibilities as deputy CEO of LVMH’s wines and spirits division. This move, effective from 1 February 2025, will see him working closely with Jean-Jacques Guiony.
In his new capacity, Jean-Jacques Guiony will lead Moët Hennessy, LVMH’s esteemed wines and spirits division. Having joined the group in 2003 as deputy finance director, Guiony’s progression to CEO marks a pivotal moment in his career, succeeding Philippe Schaus, who is stepping away from executive duties after a notable 21-year tenure.
The transition plan further includes Cécile Cabanis, who will step into the CFO role vacated by Guiony. Her experience as deputy finance director poises her as a knowledgeable successor to steer the financial operations of LVMH effectively.
A strategic addition to the executive committee is Guillaume Motte, formerly president and CEO of Sephora. His inclusion, effective 1 January 2025, is anticipated to bring valuable insights and drive to the team.
Despite these leadership shifts, LVMH faces economic headwinds. The company recorded a decline in revenue and profit in the first half of 2024, with a notable decrease in the wine and spirits category by 9%. Such figures underscore the importance of these strategic appointments and the expectation for robust leadership to navigate the challenges ahead.
These leadership changes underscore LVMH’s commitment to fortified management amid challenging market conditions.
