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LVMH Proposes Raising CEO Age Limit to 85, Extending Bernard Arnault's Leadership

Shareholders will vote on the bylaw change next month, potentially allowing the 76-year-old CEO to remain at the helm for nearly another decade.

LVMH chairman and CEO Bernard Arnault is 76 and has not announced a successor to his company.
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during the presentation of LVMH Moet Hennessy Louis Vuitton's 2024 annual results in Paris, France, January 28, 2025. REUTERS/Benoit Tessier/File Photo
Bernard Arnault at the Louvre with his wife, Hélène Mercier, and his son, Antoine, who married the Russian model Natalia Vodianova in 2020
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Overview

  • LVMH has proposed increasing the maximum age for its chairman and CEO from 80 to 85, following a previous raise from 75 in 2022.
  • The change, if approved by shareholders at the annual meeting on April 17, would allow Bernard Arnault, 76, to continue leading the company for up to nine more years.
  • Arnault, who has been CEO since 1989, has not publicly named a successor, though all five of his children hold senior roles within the company.
  • Recent leadership changes include Arnault's son Frédéric being appointed CEO of Loro Piana and Alexandre returning to Paris headquarters as deputy chief of Moët Hennessy.
  • LVMH, which owns luxury brands like Louis Vuitton, Dior, and Tiffany, has faced scrutiny over succession planning as Arnault remains its chairman, CEO, and controlling shareholder.