Il general director of LVMH, Toni Belloni, Bernard Arnault's right-hand man for 23 years will leave his position after the meeting scheduled for April 18th. The news had been in the air for some time, but now the official confirmation from the group has arrived. It will take his place Stephane Bianchi, current manager of the watches and jewelery division.
“Belloni will continue to maintain responsibilities within the group. He will be in charge of some strategic missions alongside Bernard Arnault and will be appointed president of Lvmh Italy”, communicates the transalpine company.
Greetings from Bernard Arnault
“At my side, as general director and member of the board of directors for over two decades, Toni was a fundamental architect of LVMH's success. Inspirational, always curious, and with unparalleled loyalty, he has participated in all the acquisitions of recent years and has been able to accompany the growth of the Group and its collaborators with agility and pragmatism. His vision of luxury, markets and his work with the organization were notable strengths,” he commented Bernard Arnault, president and CEO of LVMH, who defined Belloni as "an essential partner and a very important member of the LVMH family", thanking him for the contribution made over the years.
“As I step down from my current duties, I appreciate the great fortune of having had a leadership role in one of the most extraordinary entrepreneurial adventures of recent decades. I sincerely thank Mr. Arnault for the opportunity that he has offered me and even more for the trust that he has always placed in me,” he replied Tony Belloni, adding that working alongside Arnault was “a unique, stimulating experience, full of challenges and enrichment, with his example as a guide. Growing our magnificent maisons over the long term, initiating increasingly ambitious and creative projects, driving formidable acquisitions and their integration, helping prepare tomorrow's leaders and organization to manage the growth and complexity of the group... never a moment of boredom!”.
Lvmh: from Belloni to Bianchi
Belloni will now become president of LVMH Italia, will maintain responsibilities within the group and will take care of "some strategic missions". Instead it will go to its current place Stephane Bianchi, for five years within the Watches & Jewelery division who will consequently chair the group's executive committee and, together with Bernard Arnault, strategically and operationally supervise the group's maisons. He will also lead the presidents of the geographic divisions and the digital and data transformation of the group.
However, she will be proposed for the role on the board of directors Wei Sun Christianson, lawyer at the New York bar. All changes will be effective after the general meeting scheduled for April 18, 2024.
