Frédéric Arnault leaves the LVMH watch division

Frédéric Arnault leaves the LVMH watch division

The merry-go-round of luxury groups continues to turn. For over a year now, Richemont has been undergoing a major management shake-up - only recently, the long-standing Panerai CEO Jean-Marc Pontroué announced his departure from the Group on social media - and the LVMH empire of the Arnault family is not resting on its laurels in terms of personnel either.

Frédéric Arnault, who took over the newly created position of CEO of LVMH Watches in January 2024, made an extensive tree-change decision together with Stephane Bianchi, CEO of the LVMH Watches & Jewellery Division, in the middle of last year.

Ricardo Guadalupe, for example, moved from the position of CEO to the symbolic role of Honorary Chairman after 20 years at Hublot. He was succeeded by Julien Tornare, who, after seven years as Zenith CEO, had just taken over as CEO of TAG Heuer from Frédéric Arnault at the beginning of 2024. TAG Heuer is now led by Antoine Pin, the long-standing CEO of Bulgari Watches.

Now Frédéric Arnault, son of LVMH CEO Bernard Arnault, is once again changing responsibilities and leaving the watch division, as the LVMH Group announced on LinkedIn:

"LVMH announces the following internal changes and appointments at Louis Vuitton, Loro Piana and Christian Dior Couture: Damien Bertrand will be appointed Deputy CEO of Louis Vuitton as of 10 June 2025 and member of the LVMH Executive Committee as of January 2026. Damien will report to Pietro Beccari, Chairman and CEO of Louis Vuitton. Frédéric Arnault will be appointed CEO of Loro Piana as of 10 June 2025. Pierre-Emmanuel Angeloglou is appointed Deputy CEO of Christian Dior Couture as of 15 April 2025. Pierre-Emmanuel will report to Delphine Arnault, Chairman and CEO of Christian Dior Couture."

Bernard Arnault, Chairman and CEO of LVMH, writes on LinkedIn:

At Loro Piana, he will be able to take a close look at his pupil Frédéric. He will then report to his father's former longstanding deputy, Toni Belloni, who stepped down a year ago and moved to Italy to take up the position of President of LVMH Italy.

The head of the family has so far remained silent about the reasons for his 30-year-old son's move to the Italian luxury cashmere house Loro Piana. All five of his children hold leading positions in the Group, so it can be assumed that each of them will have to prove their strategic leadership qualities before the 76-year-old steps down - including the ability to succeed him.

However, there is still a little time before the Arnault siblings finally fill the key positions. There are still no signs that Bernard Arnault will be stepping down soon.

As the magazine businessinsider.de reported with reference to internal company documents, LVMH would like to amend its articles of association to raise the age limit for the chairman and CEO to 85 years.

If shareholders approve the proposed change at the Annual General Meeting on 17 April, Bernard Arnault, who has been Chairman and CEO of LVMH since 1989, could remain at the helm of the Group for a further nine years.