Published by Global Banking & Finance Review®
Posted on April 17, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleLVMH shareholders approved extending Bernard Arnault's CEO tenure until age 85, with 99.18% voting in favor. Arnault has not named a successor.
PARIS (Reuters) - LVMH shareholders on Thursday voted to allow Bernard Arnault, 76, to remain at the helm of the world's largest luxury group until he's 85.
The shareholders approved a change to company bylaws that raises the maximum age of its chairman and chief executive officer from 80 in a resolution that passed with 99.18% of the vote.
The maximum age was already increased from 75 in 2022.
Arnault, who is CEO, chairman and - along with his family - controlling shareholder of LVMH, built his sprawling empire spanning fashion houses, hotels and cognac through acquisitions.
Chairman of the company since 1989, the tycoon has not publicly named a successor. Every high-level management change is highly scrutinised, kicking off a fresh round of speculation over which of his five children might succeed him.
All of Arnault's children hold top management positions in the group. The eldest, Delphine, 50, and Antoine, 47, are children from his first marriage.
Alexandre, 33, Frederic, 30, and Jean, 26, are children of the luxury executive's current wife, Helene Mercier.
(Reporting by Mimosa Spencer and Tassilo Hummel; Editing by Makini Brice)
The article discusses LVMH shareholders approving Bernard Arnault to remain CEO until age 85, extending the leadership age limit.
Bernard Arnault is the CEO and chairman of LVMH, the world's largest luxury group, and a major shareholder along with his family.
LVMH's bylaws were changed to increase the maximum age for its CEO and chairman from 80 to 85.
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