LVMH is looking to hike its CEO age limit to 85, paving a path for Bernard Arnault to helm the company for another decade

LVMH to lift age limit, letting Bernard Arnault remain CEO until 85

Bernard Arnault, 76, has yet to name a successor to lead the company in which his family controls 64.8% of the voting rights.

LVMH To Lift Age Limit, Letting Bernard Arnault Remain CEO Until 85

LVMH will ask shareholders to raise the age limit for its CEO and chairman to 85, allowing its billionaire boss Bernard Arnault to remain longer at the helm of the French luxury goods group.

While its luxury multinational promotes the arrival of a new generation of leaders - especially the Arnault children - the multibillionaire clings to its office. In April, shareholders could vote to push back the CEO's age limit.

At its general meeting on April 17, LVMH will propose to postpone the age limit of the CEO from 80 to 85 years.

Bernard Arnault's LVMH is gearing up to extend his reign

LVMH is pushing for Bernard Arnault, who is 76, to helm the company until he's 85.Edward Berthelot/Getty ImagesLVMH is trying to keep Bernard Arnault, 76, in charge for nearly another decade.The company proposed changing its bylaws to raise the age limit of its chairman and CEO to 85.The luxury giant had already changed the limit once in 2022 when it was raised from 75 to 80.French luxury giant LVMH is trying to keep Bernard Arnault, 76, in char…

Today, at the age of 76, the French billionaire and LVMH's boss could still remain nine more years at the head of the group. The maximum age granted to a P-DG had already been raised in 2022.