Arnault heirs join LVMH board, tightening family hold [Reuters]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Reuters
REUTERS/Sarah Meyssonnier/ File photo PARIS, April 18 (Reuters) - Two of LVMH (LVMH.PA) New Tab , opens new tab Chairman and CEO Bernard Arnault's sons and heirs were named to the board of the luxury goods conglomerate on Thursday, reinforcing the family's hold on the sprawling empire which spans fashion, jewellery and hotels. Shareholders approved the nominations of Alexandre Arnault, 31, and Frederic Arnault, 29, who joined their older siblings, Delphine Arnault, 49 and Antoine Arnault, 46. All five of the chairman's children hold key management roles in the group, including the youngest, Jean Arnault, 25. At the shareholder meeting on Thursday, shareholders also approved the appointment of French businessman Henri de Castries to the board. Bernard Arnault, 75, has recently reshuffled the top ranks of management at LVMH, but showed no signs of stepping back, saying in January that he didn't intend to leave in the near or medium term. The group raised the age limit for
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