Finance
LVMH CEO Arnault: Ask me again in 10 years about succession plans
Published by Global Banking & Finance Review®
Posted on December 17, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 17, 2025
1 min readLast updated: January 20, 2026
LVMH CEO Bernard Arnault plans to lead for another decade, leaving succession plans open. His children must earn leadership roles at the luxury giant.
PARIS, Dec 17 (Reuters) - LVMH CEO Bernard Arnault said he was hoping he would be able to make another ten years when asked about his succession plans for the world's biggest luxury group.
"Talk to me again in 10 years, I can give you a more precise answer," Arnault, 76, told broadcaster CNBC in an interview, referring to his latest mandate extension, approved by shareholders earlier this year.
"I hope ... that I will make these 10 years," he said.
Commenting on the role of his five children at the family-controlled luxury giant, Arnault gave little insight on who could take over the helm.
"For getting responsibility, they have to merit the responsibility and to prove they can do it," Arnault said.
(reporting by Tassilo Hummel, Editing by Franklin Paul)
Succession planning is the process of identifying and developing new leaders who can replace old leaders when they leave, retire, or die. It ensures that an organization continues to operate smoothly during transitions.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the relationships among the stakeholders and the goals for which the corporation is governed.
Management is the process of planning, organizing, leading, and controlling an organization's resources to achieve specific goals efficiently and effectively.
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