The world's largest luxury group LVMH has recruited Cecile Cabanis as deputy finance director, part of a year-and-a-half long succession plan to replace CFO Jean-Jacques Guiony.
Cabanis, who was formerly CFO of Danone, joins from Tikehau Capital, where she has been deputy chief executive officer for the past three years.
"Succession planning for key positions is a strategic priority for the LVMH Group," the company said in a statement.
Guiony, 62, has worked at LVMH for two decades, starting out as deputy financial director in 2003 and becoming CFO the following year.
The executive oversaw the group's largest acquisitions in recent years, including jewelers Bulgari and Tiffany.
The new recruitment comes amid a number of management reshuffles in recent months, including the promotion of Stephane Bianchi.
Chairman and CEO Bernard Arnault, 75, has shown no signs of stepping back, even as his five children, who all hold top management positions, rise up the ranks of the sprawling luxury empire.
