Louis Vuitton’s brand new CEO has stepped down only one month after being given the position due to medical reasons.
Jordi Constans, who moved to Louis Vuitton from yogurt maker Danone in November, will give up the position of CEO to former Bulgari CEO and long-standing Louis Vuitton Moët Hennessy employee Michael Burke, who starts his new role today.
According to LVMH, which owns the luxury brand, the 48-year-old’s departure was due to a “significant health issue which requires that Mr Constans focus on this priority.”
“His condition does not allow him to fulfil his duties as (space) CEO,” said Antoine Arnault, a board member of LVMH. “We wish Jordi all the best.”
Mr. Constans’ condition is said to not be life-threatening, but it prevents him from meeting the physical demands of his job, such as overseeing 450 stores around the world.
James Gilbert | Elite.