LVMH lines up Cecile Cabanis to succeed CFO in next 18 months - Reuters

LVMH lines up Cecile Cabanis to succeed CFO in next 18 months - Reuters

The luxury conglomerate LVMH (LVMH.PA) has announced a planned succession for its Chief Financial Officer (CFO), Jean-Jacques Guiony, with Cécile Cabanis set to take over the role in the next 18 months [1]. Cabanis, who currently serves as deputy CEO at Tikehau Capital, will join LVMH in the coming months and report directly to Guiony [2].

Guiony, a respected figure in the industry, has been with LVMH for over two decades. Prior to becoming CFO in 2004, he held various positions within the company's mergers and acquisitions department. During his tenure, he has overseen some of LVMH's most significant acquisitions, including Bulgari, Loro Piana, Belmond, and Tiffany & Co. [2].

Cabanis brings a wealth of experience to her new role. She started her career in 1995 at L'Oréal, where she held positions in logistics and finance. In 2000, she joined Orange as deputy director of mergers and acquisitions. Later, she spent 18 years at Danone, culminating in her role as CFO in 2015 [2].

Guiony's departure marks another key change in LVMH's leadership, following the recent appointment of Pierre-Antoine Capillon as CEO of the fashion and leather goods division, replacing Michael Burke [1]. With the transition period expected to last approximately 18 months, Cabanis will work closely with Guiony to ensure a smooth handover and maintain the financial stability of the luxury powerhouse.

Sources:
[1] Reuters. LVMH names Cecile Cabanis deputy CFO to succeed CFO in next 18 months. https://uk.finance.yahoo.com/news/lvmh-names-cecile-cabanis-deputy-155545823.html
[2] WWD. LVMH Names Cécile Cabanis as Deputy Finance Director. https://wwd.com/business-news/human-resources/lvmh-new-cfo-deputy-guiony-succession-1236423456/#!