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LVMH began the brand new yr by annoucing a dynamic shake-up to their watches and jewelry division which contain a variety of important inner appointments. It seems as if 2024 is the yr chairman, founder and CEO of LVMH (Louis Vuitton Moët Hennessy), Bernard Arnault is starting to see his plans for succession happen. The 74-year-old luxurious magnate is positioning his son to take the reins as the corporate introduced a slew of latest appointments throughout Hublot, TAG Heuer and Zenith. LUXUO discusses what this reshuffling spells for the way forward for LVMH.
Frédéric Arnault Appointed as CEO of LVMH Watches
Frédéric Arnault first joined TAG Heuer in 2017 the place he was shortly promoted to chief technique and digital officer the next yr earlier than finally turning into CEO in 2020. Throughout his six-year tenure at TAG Heuer, Frédéric utilised his digital background — having labored at Fb’s synthetic intelligence analysis division — to supervise important transformation throughout the model. This was primarily achieved when the 29-year-old built-in his technological prowess and digital innovation to high-end watchmaking. Underneath his steerage, TAG Heuer merged luxurious asthetics with superior know-how, launched lab grown diamonds, reshaped legends just like the Aquaracer and Carrera, and efficiently engaged the corporate into an entire transformation plan round one goal — model elevation and desirability.
Frédéric’s newest appointment as CEO of LVMH watches sees him tackle a pivotal function in Hublot, TAG Heuer and Zenith the place he’ll report back to Stéphane Bianchi, CEO of LVMH’s watches and jewelry division. “Frédéric has achieved an incredible job at TAG Heuer over the previous six years. His distinctive and disruptive imaginative and prescient for the watchmaking business led to a spectacular transformation for TAG Heuer, which recovered its credentials in report time as the luxurious watch model pushed by excessive efficiency,” acknowledged Bianchi. Frédéric Arnault has shortly risen up the ranks at LVMH and his departure from TAG Heuer was solely a pure elevation in his profession trajectory. Frédéric has each nationwide roots and a familial pores and skin within the sport (being French and an Arnault) and having an Arnault in an total place of strategic accountability lends some weight to the watchmaking enterprise of LVMH.
Learn Extra: TAG Heuer Carrera: Highway Map to Success
Julien Tornare Appointed as CEO of TAG Heuer
Because it goes, fairly the alternative is the case for Julien Tornare when in comparison with Frédéric. Julien is a Geneva native who spent years overlooking Vacheron Constantin in Asia ultimately getting tapped to rebrand Zenith. His appointment at TAG Heuer is sort of the equal to a “mission completed” seal of approval to his time at Zenith, and a robust mandate for him to steer the grand watchmaking ship that’s TAG Heuer.
Having held the helm at Zenith as CEO since 2017, Julien spoke to LUXUO in 2020 in an unique interview stating “We’ve to feed the business, to maneuver issues ahead. The brand new technology needs to purchase watches from dynamic firms. I strongly imagine that the millennials, as they’re recognized, don’t need the identical watches as their dad and mom – in the event that they do then they may purchase classic however that’s a distinct story,” maybe foreshadowing the shift that might lay forward.
Learn Extra: An Unique Interview with Julien Tornare
Benoit de Clerck Succeeds Julien Tornare as CEO of Zenith
Julien’s sucessor — Benoit de Clerck comes with 25 years of expertise within the luxurious watchmaking business and understands worldwide enterprise improvement and dynamic gross sales methods which has seen him broaden market attain and improve profitability throughout his time as COO at Panerai, which is owned by Richemont. Benoit has constructed a status on dealing with worldwide gross sales negotiations, pioneering retail options and an unlimited understanding of market dynamics.
Julien Tornare, Benoit de Clerck and Ricardo Guadalupe, CEO of Hublot, will now report back to Frédéric Arnault. So how does Julien Tornare and Benoit de Clerck play a task in positioning Frédéric Arnault rise and the way forward for LVMH? Properly, merely put Julien Tornare understands watchmaking and has bulit a profession on it. Clerck however is a grasp of enterprise technique. The mixture of the 2 alongside Frédéric Arnault’s technical perception and forward-thinking imaginative and prescient is however step one in cementing LVMH’s future as a luxurious powerhouse.
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