Louis Vuitton’s Brand New CEO Steps Down After Only One Month On The Job

Louis Vuitton’s Brand New CEO Steps Down After Only One Month On The Job
World
Like Us On Facebook
Like Us On Facebook

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.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Julian Sonny

From the sandy beaches of Hawaii, to the streets of New York: Julian has seen it all. His lifetime of travels has given him a broad scope of knowledge and an eclectic taste unlike any other in the tri-state area. Julian has often been compared to cultural icon, The Rock, because of his unequivocal work ethic and warrior-like stature.

More In World

World Emily Arata

Hero 13-Year-Old Boy Saves Mom From Abusive Boyfriend By Stabbing Him

A 13-year-old boy from Phoenix reportedly saved his mother’s life after her abusive boyfriend attacked. Darvon reached for a kitchen knife after his mother’s long distance boyfriend, Keith Childress, 26, began beating her while threatening the boy and his 15-year-old sister. He stabbed Childress repeatedly, acting on his instincts. He said, It was my instincts, I […]

World Sean Levinson

Virgin Galactic Spaceship Crashes In Desert During Test Flight (Photos)

A rocket plane made by Richard Branson’s Virgin Galactic crashed in the Mojave Desert during a test flight on Friday morning. The firm’s Twitter account said that SpaceShipTwo had experienced an “in-flight anomaly” as it conducted its 55th test, RT reports. One pilot is dead with the other seriously injured, both of whom had been equipped […]

World Sean Levinson

Child Bride Who ‘Killed Husband To Escape Marriage’ May Get Death Penalty

A 14-year-old Nigerian girl may be put to death if found guilty of fatally poisoning her 35-year-old husband shortly after their wedding. Wasila Tasi’u married Umar Sani last April in accordance with Nigeria’s marriage act, which states that anyone under 21 can be married as long as his or her parents consent. Wasila is from an impoverished, conservative […]

World Emily Arata

Father Finds Perfect Halloween Solution For Son Who Can’t Have Candy

Halloween isn’t exclusively about rotting haunted houses and ghouls. There’s a sweet side to the holiday, as shown by this father’s letter that dates back a couple years. The note, delivered to the man’s neighbors, explains that 8-year-old Fletcher has epilepsy. To prevent seizures, he must follow a strict diet that excludes candy. So little […]

World Sean Levinson

The Number Of Billionaires Has Doubled Since The Financial Crisis

There are more than twice the number of billionaires in existence today than during the 2009 financial crisis, a new report from a global charity has found. Oxfam’s statistics aim to show that inequality continues to grow, with the very rich gaining even more money while the very poor struggle to find available means to survive. Oxfam’s […]

Also On Elite

World

The Number Of Billionaires Has Doubled Since The Financial Crisis

There are more than twice the number of billionaires in existence today than during the 2009 financial crisis, a new report from a global charity has found. Oxfam’s statistics aim to show that inequality continues to grow, with the very rich gaining even more money while the very poor struggle to find available means to survive. Oxfam’s […]

World

African Boys In NYC Were ‘Attacked And Called Ebola’ By Classmates

Two African brothers were beaten just outside their Bronx school last Friday by classmates who called them “Ebola,” according to their father and the African Advocacy Council in the Bronx. Pape Drame, 13, and Amadou Drame, 11, were born in the US but raised in Senegal, only returning from the West African nation about a month ago […]

Life

11 Reasons Why A Startup Is More Fulfilling Than Corporate America

Once you graduate, as I’m sure you’ve been told, the “real world”  finally begins… whatever that means. You’ll be forced to find work and once you find work, you’ll be forced to make a name for yourself. The next question you have to ask yourself is where do you want to find work, and what kind […]

Envision

These Stunning Underwater Maternity Photos Bring Power To Pregnancy

We’ve all seen that one batch of wedding photos that just blows us away. Not too long ago, we were introduced to a couple who took advantage of a potentially day-ruining thunderstorm and turned it into a positive when their engagement photos came out even better thanks to the rain. Then there was that Japanese […]

TV

Lorde Does An Impression Of The ‘South Park’ Lorde Impression (Video)

On last week’s episode of “South Park,” Trey Parker and Matt Stone turned their attention to New Zealand’s Lorde, a 17-year-old singer who seems to be trapped in the body of one of the defendants in the Salem witch trials. In the episode, it’s revealed that Lorde is actually Randy Marsh’s alter ego, and he’s […]

Sports

A Tale Of Two QBs: How The Jets Ended Up With The Worst Ones In The NFL

Being a Jets fan hasn’t been fun since the 60s — when a quarterback by the name of Joe Namath was leading Gang Green. Since then, the team has had absolutely no solution for the most important position in sports, and after a pathetic 1-7 start to the 2014 season, it’s safe to say they’re already […]