Frédéric Arnault is named managing director of Financière Agache.
, a son of Bernard Arnault, has been appointed managing director of Financière Agache, the luxury tycoon’s main holding company, according to its web site.
Frédéric Arnault’s ascension comes as he and his four siblings – including Delphine Arnault, Antoine Arnault, Alexandre Arnault and Jean Arnault – are in line to succeed their father as head ofJune 2024: The Latest Beauty Executive Moves at About-face, Ever/Body, The Estée Lauder Cos. and More In the managing director position, Frédéric Arnault succeeds Nicolas Bazire, following the expiration of Bazire’s mandate as director, according to Financière Agache. Arnault has also become Agache’s representative on Financière Agache’s board of directors..
Bazire is awaiting the start of his appeals trial in what’s come to be known as the Karachi Affair, related to arms deals with Pakistan and Saudi Arabia in the 1990s.“This new structure will permit to perpetuate the family control over the long term and will permit a unified expression of the controlling shareholder’s voice regarding Christian Dior SE and LVMH SE,” Agache said in a statement published at the time.
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