LVMH is radically overhauling the management of its beauty division. The luxury giant has appointed ex-L’Oréal Stéphane Rinderknech as Chairman and Chief Executive Officer of the Beauty Division, in addition to his current responsibilities as head of LVMH Hospitality Excellence.
Stéphane Rinderknech will have global responsibility for the Division, completing the reorganization of the Group by category. Maisons Parfums Christian Dior, Guerlain, LVMH Fragrance Brands (Parfums Givenchy and Kenzo) and Kendo will report to him directly.
Stéphanie Médioni, Executive President of the Beauty Division, will report to Stéphane and retain her responsibilities for Maisons Acqua di Parma, Benefit Cosmetics, Fresh, Make Up For Ever, Maison Francis Kurkdjian, Loewe Perfumes, Officine Universelle Buly and STELLA by Stella McCartney.
Hugues Dusseaux, Deputy President of the Beauty Division (also President of LVMH SEA- Oceania); Maud Alvarez-Pereyre, Senior Vice President Human Resources; Bruno Bavouzet, Research & Development Director and Jean-Michel Moutin, Chief Operating Officer, will also report to Stéphane Rinderknech.
Véronique Courtois, who has headed Guerlain since November 2019, is appointed President and Chief Executive Officer of Parfums Christian Dior.
Gabrielle Saint-Genis Rodriguez, who has headed Make Up For Ever since June 2019, succeeds Véronique Courtois as President and Chief Executive Officer of Guerlain.
Charles-Henri Levaillant, who has been Digital and Client Development Director at Louis Vuitton since December 2020, succeeds Gabrielle Saint-Genis Rodriguez as President and Chief Executive Officer of Make Up For Ever.
In conjunction with these appointments: Claude Martinez is appointed President and Chief Executive Officer of GAIA, the LVMH Group Research and Innovation Center. He is stepping down from his responsibilities for the Beauty Division and the Group will continue to benefit from his experience, as Advisor to Bernard Arnault, Chairman and Chief Executive Officer of LVMH, on topics related to innovation.
Laurent Kleitman, who has headed Parfums Christian Dior since November 2019, has decided to leave the Group to pursue other opportunities.
Commenting on these major organizational changes, Bernard Arnault said: “The appointment of Stéphane Rinderknech at the head of the Beauty Division completes the reorganization of the Group by category. Stéphane has since his arrival guided the rebound of our hotel activities with considerable strategic agility, driving tremendous momentum across the entire organization. This experience in a new industry confirmed his ability to adapt, his leadership and direct engagement with teams. His deep understanding of the Beauty industry will help him leverage the unique assets of each of our Maisons.“
Portfolio
