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LVMH Shareholders Agree Bernard Arnault Can Remain CEO Until He Is 85

The luxury conglomerate’s shareholders voted Thursday to alter company bylaws to raise the maximum age of its chairman and CEO to 85, in a nearly unanimous vote.
LVMH closed 2021 with sales that grew 14 percent compared to 2019′s pre-pandemic levels, far faster than the broader luxury market.
Bernard Arnault is CEO, chairman and controlling shareholder of LVMH. (Getty Images)

LVMH shareholders on Thursday voted to allow Bernard Arnault, 76, to remain at the helm of the world’s largest luxury group until he’s 85.

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