The LVMH Group's top management is changing, and these changes will be noticed!

On March 21, the world ' s largest lux ury brand company , France , LV M H Louis Vu itt on Mo et Champ agne Group The Board of Dire ctors has announced three changes to the staff of the Board . Among them , two points of attention are as follows :" Se cond man " who worked with the group for 23 years-- Antonio " T oni " Bell oni (here ina fter referred to as " T oni Ver oni ") will step down as Chief Executive Officer and Chair man of the LV M H Group Executive Committee and will step down from the Board of Dire ctors following the General Me eting of Shar ehol ders to be held on 18 April 202 4. (H is success or is then the Chief Executive Officer of the LV M H Group Wat ches and Je wel lery Division St é ph ane Bi anchi and). The first Chinese board member-- Wei Sun Christians on is a former president of the United States . At the current shar ehol ders ' meeting , LV M H will form ally join the LV M H Group Board of Dire ctors . In fact , these series of recent appoint ments are just part of the LV M H Group ' s rene wal campaign for its top management over the past year or more . " G lam oro us Magazine "I will review in detail in this article . First , let ' s understand some of the main chara cters in the latest anno unc ement . Wei Sun Christians on is a former president of the United States . In the anno unc ement , the Chair man and Chief Executive Officer of LV M H Group Bernard Ar na ud The report states : " We have a very strong understanding of the " Mr . Sun ' s financial background , understanding of the lux ury brand market , and in - dep th knowledge of China in particular , will be a valua ble asset to the Board . " Her arri val will further strengthen the profession alism , divers ity and independ ence of the Board . " Born in Beijing , Sun Qi ang studi ed in the United States after gradu ating from the Department of English at Beijing Language and Culture University , where he gradu ated from Am her st College in Massachusetts and Columbia University Gr aduate School of Law , ear ning a J uris Doctor ate . She is a practic ing solic itor at the New York Bar Association . She began her career at the New York office of Or rick , Her ring ton & Sut cliffe before jo ining the Hong Kong Secur ities and Financial Affairs Commission where she was involved in regula tory work related to the Chinese red - chip shares on the Hong Kong Stock Exchange . She first join ed Morgan Stanley in 1998, where she was part of the investment ban king department . Bet ween 2002 and 2005, she served as Chair man of Credit Su isse Group China and Chair man of Cit igr oup Global . In early 2006, she returned to Morgan Stanley again , where she served for more than 15 years as Chief Executive Officer of China . He then served as co - ch ief execu tive officer for Asia Pacific for over a dec ade .。She also served on the company ' s management committee for more than 14 years , serving until the end of 2021, and will continue to be a senior ad visor to Morgan Stanley after her retir ement . For 14 consecu tive years since 2008, Sun has been named Fortune magazine ' s " World ' s Most Influ ential Women " (MP W). She is also one of the 12 " W omen of the Year 2013 " chosen by the UK ' s Financial Times . Previous ly , Ms . Sun was a board member of the American lux ury makeup gi ant Est ée La uder for 12 years .。He is also a member of the Ad vis ory Board of the New York Special Sur g ical Hospital , a member of the Ad vis ory Board of the Br ett on Woods Commission , and a member of the Foreign Relations Committee . Toni Ver oni In the anno unc ement , Bernard Ar na ult said : " We are very proud of our work . " D uring more than 20 years as the Group ' s Chief Executive Officer and Board Member , Toni has great ly contribut ed to the success of the LV M H Group at my side . Inspir ed , curi ous and lo yal , he has been involved in all acquis ition activities in recent years , helping the Group and its team develop with an agi le and prag mati c attitude . His insig ht into the lux ury brand industry , and his collabor ation with our team , is a very valua ble asset . He is an indispensable partner for me and a very important member of the LV M H group ' s ext ended family . I would like to thank Tony for the out standing contribution he has made over the past several years . He will continue to stay by my side , carry ing out strateg ic tasks and over see ing our activities in Italy . " Toni Ver oni is an Italian who became a U . S . consumer goods gi ant in 1978 after ear ning a degree in econom ics from the University of Pa via in Italy . Pro ctor & Gamb le Company He join ed the company and held a series of management ro les in the United States , Greece , Belgium and Switzerland , before being appoint ed President of Pro ctor & Gamb le Europe in 1999. In 2001, he join ed the LV M H Group , where he served as the Group ' s Managing Director , responsible for the strategy and oper ational management of the Group companies , supervis ed the Group ' s regional pres idents , and was responsible for dig iti zation and data transform ation and other work . According to the position of execu tive compens ation in 2024 published by the LV M H group , Toni Ver oni ' s The fixed remun er ation in 2024 is € 3, 24 2, 4 38 (incl uding ho using allo wan ce), the same as in 202 3. The flo ating remun er ation to be paid in 2024 for the year 2023 (pend ing approval at the shar ehol ders ' meeting on 18 April 202 4) is € 2, 89 4, 500 , the same amount paid in 2023 for the year 2022.。As Ar na ult said , following his retir ement , Toni Bell oni will reta in some of his functions within the LV M H Group . He will be appoint ed President of LV M H Group Italy and will also take on the strateg ic tasks of Bernard Ar na ult person ally .。Toni Ver oni said : " We are very happy with the results . " " As I step down from my current role , I realize that I am truly fortun ate to have been able to hold a lead role at one of the most extraordin ary entreprene uri al companies in dec ades . " I would like to thank Mr . Ar na ult from the bottom of my heart . I thank him for the opportunity he gave me , and especially for his trust in me all the time . Working with him has been a unique and stim ula ting experience , full of challenges and learning . He is my model . " To n urt ure our magni fic ent brand over the long term , to launch more amb iti ous and creative projects , to manage difficult acquis itions and integr ations , to n urt ure the leaders and organizations of the future , to manage the growth and complex ity of the Group ... There is never a dull moment .！”" For the past 20 years , I have a strong sense of responsibility and feel fortun ate to have been able to share this life experience with my talent ed colle agues . " Our flexi bility , an attitude of constant questi oning , a pursu it of excell ence and a culture of value for excell ence are all assets that ensure the long - term success of the Group . We have achieved excellent results in the past . We ' ve always respe cted our values and supported efforts that benefit the most people . Now it ' s up to Stefan to take us further . " St é ph ane Bi anchi Bernard Ar na ult , in consult ation with the Management and Rem un er ation Committee , has decided to entr ust the management functions previous ly held by Toni Bell oni to St é ph ane Bi anchi . He is Chair man of the LV M H Group Executive Committee and , together with Bernard Ar na ult , over se es the strategy and operations of each of the group ' s brand s . He will also over see the digital business and digital transform ation of each district president and the group . Bernard Ar na ult said : " We are very proud of our work . " S tep hanie Bi anchi has been a member of the Group since R are leadership and management skills It was able to show case and at the same time bl end into the corpor ate and family culture of the group . I am very much looking forward to his new role and believe that under St é ph ane ' s leadership , the entire Executive Board and the Group ' s employees will work together to ensure greater success for the LV M H Group , while respect ing our values and commit ments . " St é ph ane Bi anchi gradu ated from the Paris School of Poli tical Science in France , where he first worked as a consult ant for Arthur Anders en (the Anders en company). Most of his career was in a French makeup group . by Y ves Ro cher I spent it in . In 1998, at the young age of 33, he became the Group ' s Chief Executive Officer , and the Group ' s development