LVMH, parent company of Louis Vuitton, the world’s largest luxury goods conglomerate led by billionaire Bernard Arnault, has appointed Cecile Cabanis as deputy finance director in a strategic move aimed at grooming future leadership. Cabanis, a former CFO of Danone SA and currently serving as deputy CEO of Tikehau Capital, joined LVMH’s executive committee on June 10, 2024. This appointment marks her integration into the senior management team alongside figures like Delphine Arnault and Chantal Gaemperle, reinforcing a notable presence of women leaders within the group.
The decision forms part of a broader management restructuring, as LVMH prepares for succession amidst Arnault’s ongoing leadership. With Arnault's five children already playing pivotal roles within the company, including Frederic Arnault, recently appointed as managing director of Financiere Agache, the family’s holding entity, LVMH aims to secure its future leadership, while maintaining its dominant position in the luxury market. Jean-Jacques Guiony, LVMH’s long-time CFO, pivotal in major acquisitions like Tiffany & Co., continues to oversee financial operations as the group adapts to shifting global luxury trends, particularly in China, where demand has fluctuated.
