Article – http://ow.ly/6vuwl

So LV will have a new CEO after current CEO, Yves Carcelle leaves at the end of 2012. This is a big deal for a brand that brings in a substantial amount of LVMH’s revenues. I wonder what made Arnault hire an executive from the dairy industry. He must bring some really important skills to the table.

It is important to note that Danone operates a suite of brands in different segments including: Fresh Dairy Products, Water, Baby Nutrition and Medical Nutrition. Carcelle probably brings management skills that fit well with the family of brands that LVMH operates. Of course, he will have to spend a year learning about the business and its prestigious lines.

See below for the article from Reuters. You can find it at: http://af.reuters.com/article/commoditiesNews/idAFWEA441020110914