LVMH has named Christian Dior Couture CEO Pietro Beccari as Chairman and CEO of Louis Vuitton, succeeding Michael Burke, who will take up new responsibilities and report directly to LVMH Chairman and CEO Bernard Arnault. Additionally, Delphine Arnault, EVP of Louis Vuitton, will become Chairman and CEO of Christian Dior Couture.
“Pietro Beccari has done an exceptional job at Christian Dior over the past five years,” said Bernard in a statement. “His leadership has accelerated the appeal and success of this iconic Maison. Monsieur Dior’s values of elegance and his innovative spirit have been given fresh intensity, supported by very talented designers. The reinvention of the historical boutique at 30 Montaigne is emblematic of this momentum. I am sure Pietro will lead Louis Vuitton to the next level of success and desirability.”
Delphine has been with LVMH for 22 years, including 12 years at Christian Dior and 10 at Louis Vuitton. She helped advance Louis Vuitton’s presence, helping it set new sales records on multiple occasions. “Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior,” said Bernard.
LVMH also made two other changes to its management team:
- Charles Delapalme, EVP of Christian Dior Couture, was named Managing Director of Christian Dior Couture; and
- Stéphane Bianchi, Chairman and CEO of the Watches & Jewelry Division, will also oversee Tiffany and Repossi, which join the Watches & Jewelry Division of the LVMH Group.
“The inclusion of Tiffany in the Watches & Jewelry Division is a natural step following the company’s successful integration within the LVMH Group,” said Bernard in a statement. “Stéphane Bianchi’s leadership skills, his understanding of products and markets, and his organizational acumen have enabled the Maisons in the division to achieve remarkable results under his management.”