PARIS (Reuters) – LVMH announced on Friday the appointment of Cécile Cabanis as deputy financial director, as part of a year-and-a-half succession plan aimed at replacing financial director Jean-Jacques Guiony.
Cécile Cabanis worked as general finance director within the Danone group for 17 years, before serving as deputy general manager at Tikehau Capital for the last three years.
“Preparing succession in key positions is one of our priorities,” the company said in a press release.
Jean-Jacques Guiony joined the LVMH group twenty years ago. He started as deputy financial director in 2003, before rising to the role of financial director the following year.
The group’s current financial director has overseen the largest acquisitions in recent years, notably those of jewelers Bulgari and Tiffany.
This new recruitment is part of a series of reshuffles within management in recent months, including the promotion of Stéphane Bianchi to the position of deputy general manager.
(Report by Mimosa Spencer, by Alban Kacher, edited by Kate Entringer)
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