Louis Vuitton CEO Jordi Constans steps down due to illness – replaced by Michael Burke
Michael Burke, who recently took over the CEO position at Bulgari, coming from Fendi, another brand of the luxury giant LVMH, takes over as CEO of Louis Vuitton, replacing newly appointed Jordi Constans, who steps down due to illness. “I am convinced that he is the right leader for Louis Vuitton’s future,” LVMH Chairman and CEO Bernard Arnault said in the statement. “He will build on the initiatives launched by Jordi Constans, bringing the vision and drive to continue advancing Louis Vuitton’s leadership position in luxury.”
Constans is stepping down “due to the discovery of a significant health issue,” LVMH said in a separate statement. The 48-year-old executive became Vuitton CEO last month after leaving yogurt maker Danone SA in 2011 to join LVMH.
There are already media speculations over the possible active role that former CEO Yves Carcelle could have, with this new sudden management change. A replacement for Burke at Bulgari has not yet been named.