LVMH has appointed Philippe Farnier to be deputy CEO of Parfums Christian Dior and the LVMH Beauty Division, effective immediately.
Philippe Farnier – LVMH
A highly experienced luxury executive, Farnier will report to Véronique Courtois, chairman and CEO of Parfums Christian Dior and the LVMH Beauty Division.
LVMH added that, in his new role, Farnier will collaborate closely with Courtois on key strategic initiatives and oversee the commercial and omni-channel activities across the division. Farnier’s mission will be to lead its transformation in collaboration with the maisons to drive greater synergies, convergence, and competitiveness in a constantly evolving beauty market, LVMH said in an official release.
Farnier’s leadership and global industry insights will be crucial in solidifying the division’s market-leading position and guiding the future growth and evolution of the group’s maisons, the giant French luxury conglomerate added.
“I am absolutely delighted of Philippe’s appointment as deputy CEO of Parfums Christian Dior and LVMH Beauty Division. Philippe’s exceptional leadership, international strategic acumen, and deep industry knowledge make him the perfect partner to take over this strategic role. I am confident that together we will further strengthen our organisation and accelerate our sustainable growth strategy, building on incredible talents within our maisons,” commented Courtois.
LVMH’s wide-ranging portfolio includes Christian Dior SE, Givenchy, Fendi, Celine, Kenzo, Tiffany & Co., Bulgari, Loewe, TAG Heuer, Marc Jacobs, Sephora, Loro Piana, Guerlain, Maison Francis Kurkdjian, Loewe Perfumes, and Kenzo Parfums.
Added Stéphane Bianchi, LVMH Group managing director “I am very pleased with the appointment of Philippe as deputy CEO of Parfums Christian Dior and LVMH Beauty Division. Together with Véronique, I am certain he will bring his expertise of driving significant transformations and his deep understanding of global luxury dynamics to redefine excellence and creativity in the beauty sector.”
Farnier boasts over three decades of leadership in the global luxury. Beginning in 1990 with management roles at Mondelez and Heineken, he joined Yves Saint Laurent Beauté in 2003, where he became France general manager. His initial LVMH tenure started in 2008 as Parfums Christian Dior France general manager, promoted in 2013 to general manager travel retail EMEA and global marketing. In 2015, he became president and CEO Americas at Rémy Cointreau, then Rémy Martin’s CEO and head of CSR by 2018. Re-joining LVMH in April 2022, he’s now a COMEX member at Parfums Christian Dior, spearheading all commercial activities globally.
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