LVMH is proposing to raise the age limit for its chairman and CEO, Bernard Arnault, from 80 to 85, enabling him to stay in charge until he is 85. The change must be approved by shareholders at the annual general meeting on April 17. This is the second time such a change has been made, as LVMH previously raised the limit from 75 to 80 in 2022. The company has seen significant leadership reshuffles, promoting Arnault's children within the organization, which reflects a familial strategy for continuity in leadership.
LVMH aims to raise the age limit for its chairman and CEO Bernard Arnault from 80 to 85, allowing him to lead for nearly another decade.
With the proposed change to company bylaws, LVMH seeks shareholder approval on April 17 to extend Arnault's tenure, demonstrating the company's commitment to his leadership.
Bernard Arnault has made significant leadership changes within LVMH, promoting his sons and consolidating power within the family, thereby securing the company's future.
This amendment, if approved, would essentially allow Arnault to delay retirement for a second time, following the 2022 increase from 75 to 80 years old.
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