Companies

Toni Belloni to step down as LVMH Group’s Managing Director

Mar 28, 2024 France

After more than 23 years at Arnault’s side, Belloni will step step down as Group Managing Director and Chairman of the Executive Committee of the LVMH Group, effective from the 18th of April

“At my side as Group Managing Director and member of the Board of Directors for over two decades, Toni has been a major contributor to the success of LVMH”, stated Bernard Arnault, Chairman and CEO of the LVMH Group. “Inspiring, curious and unfailingly loyal, he has participated in all the acquisitions of recent years and has supported the growth of the Group and its teams with agility and pragmatism. His vision of luxury, of the markets, and his work with our teams have been considerable assets”, he added.

Belloni will, however, retain certain functions within the Group, including strategic assignments for the Chairman and CEO of the LVMH Group, and will be appointed President of LVMH Italy.

The French-based group has also announced that Stéphane Bianchi will succeed Belloni in the operational roles he has held to date. He will chair the Group’s Executive Committee and, together with Arnault, will be responsible for the strategic and operational supervision of the Group’s stores. He will also be responsible for overseeing the Presidents of the Regions and the Group’s digital and data transformation.

“Since joining the Group, Stéphane Bianchi has demonstrated rare leadership and management qualities while immersing himself in the Group’s entrepreneurial and family culture. I am delighted by his new role and am convinced that with Stéphane at my side, and with the entire Executive Committee and the Group’s employees, we will take the success of the LVMH Group even further, while respecting our values and commitments”, concluded Bernard Arnault.

Image Credits: lvmh.com

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