LVMH announces new appointments to executive committee

Sidney Toledano has been appointed to his new post after 20 years at the helm of Christian Dior Couture. The CEOs of Céline, Givenchy, Loewe, Pucci, Kenzo, Marc Jacobs, Rossimoda and Nicholas Kirkwood will report to him.

Pietro Beccari has been appointed chairman and CEO of Christian Dior Couture after heading Fendi since 2012. These appointments will take effect from the beginning of 2018.

Pierre-Yves Roussel will step down as head of the LVMH Fashion Group after ten years and would become Special Advisor to LVMH chairman and CEO Arnault. He will shortly assume new operational responsibilities within the LVMH Executive Committee, of which he has been a member for 14 years.

“Toledano is the driving force behind the huge success of Christian Dior Couture across the world. Over the past 25 years, he has done an outstanding job of developing the exceptional House of Christian Dior Couture and of promoting its elegance and modernity through its highly talented team of designers. I want to offer my profound gratitude and am delighted that we will continue to work together and benefit from his expertise,” Arnault commented.

“The appointment of Pietro Beccari as head of Christian Dior Couture signals a new era,” continued Arnault. “Having been an integral member of our group for 12 years, Beccari has an excellent track record. After several years as marketing director of Louis Vuitton, he oversaw strong growth at Fendi by expertly harnessing the creativity of Karl Lagerfeld and Silvia Venturini Fendi and closely aligning it to the Roman influence of the House. He will be an excellent leader who will steer Dior towards ever greater success in the future.”

“I am sincerely grateful to Pierre-Yves Roussel for his excellent work. Thanks to his leadership, the Fashion Group’s various brands have achieved remarkable success over the last 10 years. In particular, he has played an instrumental role in the selection of the best creative talents and in implementing innovative strategies and high-performing teams within the different Houses,” he added.

The new CEO of Fendi will be announced in the near future. (VM)

Fibre2Fashion News Desk – India