Bernard Arnault, the world’s richest man, has solidified his family’s control over LVMH by appointing his two sons to the board of directors. With this move, four of his five children now hold positions on the company’s board. The Arnault family is known for their ownership of iconic brands such as Dior and Louis Vuitton.
Alexandre, 31, serves as the executive vice-president of Tiffany, while Frédéric, 29, is the CEO of Tag Heuer. Both sons received over 93% of the votes during a shareholder meeting, reflecting their strong hold over the company. Bernard Arnault acknowledged this power and emphasized their position within LVMH as a family group that holds a significant portion of the company’s capital and voting rights.
Two other children from a previous marriage, Delphine and Antoine, are already board members at LVMH. The youngest sibling, Jean, still awaits his turn but has ample time to join the board in the future. Wei Sun Christianson has also been nominated to succeed Antonio Belloni as the group’s number two. Christianson is a business expert on China from Morgan Stanley who highlights LVMH’s keen interest in understanding China’s market dynamics due to its significant presence in the country.
