LVMH Appoints Véronique Courtois as Chairman and CEO of Beauty Division
In a significant move for its beauty division, LVMH has announced the appointment of Véronique Courtois as chairman and CEO. This decision reflects the group’s ambition to strengthen its position in the beauty market and enhance brand influence.
Career Highlights and Responsibilities
Courtois, who will also continue in her existing role as chairman and CEO of Parfums Christian Dior, has joined LVMH’s executive committee. Her new responsibilities include overseeing prestigious brands such as Guerlain, Acqua di Parma, Givenchy Parfums, Kenzo Parfums, Loewe Parfums, Maison Francis Kurkdjian, Fresh, Benefit Cosmetics, Fenty Beauty, and Officine Universelle Buly.
LVMH expressed confidence in Courtois’s abilities, stating, “Building on her rich career within LVMH’s beauty Maisons, Véronique Courtois has remarkably developed the activity and desirability of Parfums Christian Dior. Her experience and recognized leadership will be valuable assets for the maisons under her charge.”
A Rich Professional Background
Véronique Courtois has been a part of the LVMH family since 2000 and has held various leadership roles, including president and CEO of Guerlain from 2019 to 2023. She steps into her new position following the departure of Stéphane Rinderknech, who left the group to explore new personal projects. LVMH’s managing director, Stéphane Bianchi, acknowledged Rinderknech’s contributions, particularly in growing the hospitality and beauty segments.
Antoine Arnault Joins the Executive Committee
Additionally, Antoine Arnault, LVMH’s director of image and environment, has also joined the executive committee. Having served as CEO of Berluti until late 2023, Arnault remains chairman of the brand and has a commendable track record, including optimizing LVMH’s communications strategy and securing a deal for the company to become a main sponsor of the upcoming Paris Olympics.
Strengthening Leadership
Alongside Courtois and Arnault, the executive committee includes other notable members such as Bianchi, Pietro Beccari, Damien Bertrand, Guillaume Motte, and Jean-Jacques Guiony. Bianchi praised the diverse expertise within the committee and emphasized their collective role in guiding the strategic direction of LVMH.
Conclusion
Véronique Courtois’s leadership marks a crucial new chapter for LVMH’s beauty division, promising innovative strategies and robust growth. With a strong team at the helm, the group seems well-prepared to navigate challenges and seize opportunities in the ever-evolving beauty landscape. This transformation is likely to further elevate LVMH’s status as a leader in luxury retail and beauty.
