The company announced the move on December 9.
Antoine Arnault was named CEO of Christian Dior SE and vice chairman of its board of directors at the end of last week. The family holding company owns the majority of the Arnaults’ stake in luxury titan LVMH. Arnault will replace veteran executive Sidney Toledano as outlined in aThe appointment comes after Bernard Arnault’s main holding company, Financière Agache, became a joint-stock partnership last Tuesday.
The change in the legal structure of the family’s investment was made to ensure its long-term control of LVMH. All five Arnault children now hold senior positions within the French company.In the case of Antoine, the 45-year-old business school graduate has been an LVMH board member since 2006 and led the group’s communications and environmental initiatives.
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