European multinational luxury goods conglomerate LVVH has announced the appointment of Anish Melwani as Chairman & CEO of LVMH Inc., effective January 4, 2016. Anish will be based in New York, and be responsible for the development of LVMH activities in North America, it said in a press release.
"I am delighted to welcome Anish into our Group. North America is a strategic market for LVMH, with our brands witnessing strong performances. Anish will help us further accelerate growth and explore new development opportunities. Anish will work alongside the global leaders of our businesses leveraging his strategic skills and sharing his deep knowledge of the market," said Bernard Arnault, Chairman & CEO of LVMH.
Anish joins LVMH from McKinsey & Company, where he co-leads the Global Strategy & Corporate Finance practice and supports clients across industries. At McKinsey since 1999, he has counseled senior executives of leading global companies on issues related to corporate strategy, M&A, alliances, portfolio management and organization.
He has worked in McKinsey's Singapore and Hong Kong offices, and most recently, has been based in the New York office, where he has advised leaders of public sector institutions in New York City. Anish is a member of the Council on Foreign Relations and the Board of the United Way of New York City, and holds a BA in Economics from Harvard University, the release said.
LVMH also announced that Pauline Brown has resigned from her role as Chairman for North America effective end 2015, in order to pursue other opportunities. She will ensure a smooth transition with her successor, whose announcement will be made shortly. (SH)
Fibre2Fashion News Desk - India