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LVMH Proposes Raising CEO Age Limit to Keep Bernard Arnault at Helm Until 85

Shareholders will vote next month on a bylaw change that could extend the 76-year-old CEO's tenure by nearly a 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
File image: LVMH CEO Bernard Arnault at an official state dinner as part of the Chinese president's two-day state visit to France.
Bernard Arnault at the Louvre with his wife, Hélène Mercier, and his son, Antoine, who married the Russian model Natalia Vodianova in 2020

Overview

  • LVMH has proposed amending its bylaws to raise the maximum age limit for its chairman and CEO from 80 to 85, allowing Bernard Arnault to remain in charge until 2034.
  • The proposal will be voted on by shareholders at the company's annual general meeting on April 17, 2025.
  • This marks the second time the company has sought to extend the age limit, following a 2022 change that raised it from 75 to 80.
  • Arnault, who has led LVMH 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, while other family members continue to occupy key positions across LVMH's brands.