{"id":7328,"date":"2025-04-17T16:24:34","date_gmt":"2025-04-17T20:24:34","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2025\/04\/17\/arnault-can-remain-as-lvmh-ceo-until-he-is-85-agm\/"},"modified":"2025-04-17T16:24:34","modified_gmt":"2025-04-17T20:24:34","slug":"arnault-can-remain-as-lvmh-ceo-until-he-is-85-agm","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2025\/04\/17\/arnault-can-remain-as-lvmh-ceo-until-he-is-85-agm\/","title":{"rendered":"Arnault can remain as LVMH CEO until he is 85 – AGM"},"content":{"rendered":"
\n

LVMH shareholders have today voted to allow Bernard Arnault, 76, to remain at the helm of the world’s largest luxury group until he is 85.<\/p>\n

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.<\/p>\n

The maximum age was already increased from 75 in 2022.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Alexandre, 33, Frederic, 30, and Jean, 26, are children of the luxury executive’s current wife, Helene Mercier.<\/p>\n

Meanwhile, Bernard Arnault said today that if the US and the European Union did not find a solution on tariffs, it would be Brussels’ fault.<\/p>\n

“If Europe is not able to negotiate intelligently, there will be consequences for a lot of companies,” Arnault said. “It will be Brussels’ fault” if trade talks do not result in a satisfying resolution, he added.<\/p>\n

Arnault, speaking at the group’s annual meeting to shareholders, added that free trade with the US and trust in trade must be restored.<\/p>\n

LVMH, the world’s largest luxury group by sales, makes around a quarter of its revenue in the US.<\/p>\n

Arnault earlier this year praised US President Donald Trump, whose inauguration he attended, for boosting economic growth and entrepreneurship.<\/p>\n

Since then, LVMH’s shares have fallen by 36%, dragged down by investor fears over Trump’s trade policies and a possible recession in the US.<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

LVMH shareholders have today voted to allow Bernard Arnault, 76, to remain at the helm of the world’s largest luxury group until he is 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 […]<\/p>\n","protected":false},"author":1,"featured_media":7329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-7328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/7328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=7328"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/7328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/7329"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=7328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=7328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=7328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}