Published by Global Banking & Finance Review®
Posted on March 13, 2025
2 min readLast updated: January 24, 2026
Add as preferred source on GoogleLVMH proposes extending CEO age limit to 85, allowing Bernard Arnault to remain in charge. Shareholders will vote on this change, impacting leadership succession.
PARIS (Reuters) - Bernard Arnault, 76, could remain at the helm of the world's largest luxury group LVMH until he's 85 if shareholders back a company proposal at its annual shareholder meeting on April 17.
Investors in LVMH, which owns high-end labels including Louis Vuitton, Dior and Tiffany, will vote on a change to company bylaws raising the maximum age of its chairman and chief executive officer from 80, according to a company filing.
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 hotels and fashion houses 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, 49, and Antoine, 47, are children from his first marriage.
Alexandre, 32, Frederic, 30, and Jean, 26, are children of the luxury executive's current wife, Helene Mercier.
(Reporting by Mimosa Spencer; Editing by Mark Potter)
The article discusses LVMH's proposal to extend the CEO age limit, allowing Bernard Arnault to remain in charge until age 85.
Bernard Arnault is the CEO and chairman of LVMH, the world's largest luxury group, and a significant shareholder.
The vote will determine if the age limit for the CEO position at LVMH is raised, affecting leadership succession plans.
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