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LVMH Group plans to raise the age limit for the CEO to 85.
The Board of Directors of the French Luxury Goods giant LVMH has proposed to raise the age limit for its chairman and CEO to 85 years, which will be voted on during the annual Shareholder meeting on April 17. If approved, this would mean that 76-year-old Bernard Arnault could continue to steer the company for nearly another decade. According to the Bloomberg Billionaires Index, Arnault currently has a net worth of $176 billion, ranking fourth on the Global billionaire list. He has served as CEO of LVMH since 1989, managing brands including Givenchy.
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