© Reuters. FILE PHOTO: Frederic Arnault, CEO of Tag Heuer, part of LVMH, is seen during the brand keynote at the Watches and Wonders fair in Geneva, Switzerland March 27, 2023. REUTERS/Denis Balibouse/File Photo
PARIS (Reuters) – LVMH (EPA:) has named Frederic Arnault Chief Executive Officer of LVMH Watches, overseeing the TAG Heuer, Hublot and Zenith brands, the luxury group said on Friday.
Arnault, one of LVMH chairman and CEO Bernard Arnault’s five children, has worked for Tag Heuer since 2017. The executive will continue to report to the watches and jewellery division CEO Stephane Bianchi.
Arnault’s promotion is part of a broader reshuffle that includes the move of Zenith CEO Julien Tornare to replace him at Tag Heuer, and the recruitment of Benoit de Clerck, a former Richemont (LON:) executive, to run Zenith.
Bernard Arnault’s children hold top management positions at brands in the sprawling luxury conglomerate.
