PARIS (Reuters) – LVMH has named Frederic Arnault Chief Executive Officer of LVMH Watches, overseeing the TAG Heuer, Hublot and Zenith brands, the luxury group said on Friday.
Arnault, one of LVMH chairman and CEO Bernard Arnault’s five children, has worked for Tag Heuer since 2017. The executive will continue to report to the watches and jewellery division CEO Stephane Bianchi.
Arnault’s promotion is part of a broader reshuffle that includes the move of Zenith CEO Julien Tornare to replace him at Tag Heuer, and the recruitment of Benoit de Clerck, a former Richemont executive, to run Zenith.
Bernard Arnault’s children hold top management positions at brands in the sprawling luxury conglomerate.
(Reporting by Mimosa Spencer, Editing by Louise Heavens)
Comments