FISCAL YEAR BY SENIOR EXECUTIVES AND CLOSELY RELATED PERSONS 148
Criterion 8: not to represent shareholders with a controlling interest in the Company
1.4. Terms of office of the management and supervisory bodies
1.4.1. List of positions and offices held by members of the Board of Directors 1. Currently serving Directors
1.4.1.2. Renewals of appointments of Directors proposed at the Shareholders’ Meeting Antoine ARNAULT
In 2000 he created an Internet company, specialized in the registration of domain names.
In 2002, he sold his stake in the company and joined the family group, where he successively held the positions of Marketing Manager and Director of Regional Operations at Louis Vuitton.
In 2007, he became Director of Communications at Louis Vuitton, with responsibility for advertising, publishing, digital content development, and purchasing media space.
He has been Managing Director of Berluti since 2011, the year in which he also initiated the Journées Particulières open- day event. He has also been Chairman of the Board of Directors of Loro Piana since the end of 2013.
1.4.1.2. Renewals of appointments of Directors proposed at the Shareholders’ Meeting Antoine ARNAULT
Current positions and offices LVMH group
France LVMH Moët Hennessy - Louis Vuitton SE(1) Director
Groupe Les Echos SA Director
Les Echos SAS Vice- Chairman of the Supervisory Board, Chairman of the
Compensation Committee and Member of the Appointments Committee
Louis Vuitton Malletier SA Permanent representative of Ufipar, Director
LV Group SA Director and Member of the Nominations and Compensation Committee
Louis Vuitton, Fondation d’Entreprise Director
Groupe Arnault
France Agache Developpement SA Director
Christian Dior SE(1) Director, Member of the Performance Audit Committee
and Member of the Nominations and Compensation Committee
Europatweb SA Director
Financière Agache SA Managing Director and Permanent Representative of Groupe Arnault,
Director
GA Placements SA Permanent Representative of Montaigne Finance, Director
Groupe Arnault SEDCS Chief Executive Officer
Montaigne Finance SAS Member of the Supervisory Committee
Semyrhamis SA Non- Director Managing Director and
Permanent Representative of Groupe Arnault, Director Other
France Atos SE(1) Director and Chairman of the Nomination and Compensation Committee
Carrefour SA(1) Director, Member of the Accounts Committee,
the Nominations Committee and the Strategy Committee
Suez SA(1) Director, Member of the Audit and Accounts Committee,
the Nominations and Governance Committee and the Strategy Committee
International Société des Bains de Mer de Monaco SA(1)
(Principality of Monaco) Permanent representative of Ufipar, Director
and Rapporteur to the Finance and Audit Commission Positions and offices that have ended since January 1, 2013
France Financière Agache Private Equity SA Director
Date of birth: July 13, 1957.
Business address: LVMH – 22, avenue Montaigne – 75008 Paris (France).
Number of LVMH shares held in a personal capacity:
101,399 shares.
Nicolas Bazire became Chief of Staff of Prime Minister Edouard Balladur in 1993. He was Managing Partner at Rothschild & Cie Banque between 1995 and 1999 and has served as Managing Director of Groupe Arnault SEDCS since 1999.
Nicolas BAZIRE, Senior Vice- President for Development and Acquisitions
Current positions and offices LVMH group
France LVMH Moët Hennessy - Louis Vuitton SE(1) Director
International LVMH Services Limited (United Kingdom) Chairman of the Board of Directors
Groupe Arnault
France Financière Agache SA Director
Other
International Hong Kong Land Holdings (Bermuda)(1) Director
Mandarin Oriental International Holdings (Bermuda) Director
Matheson & Co. Ltd (United Kingdom) Director Director
Northern Trust Corporation (United States)(1) Director
Positions and offices that have ended since January 1, 2013
International Caterpillar Inc. (United States)(1) Director
Northern Trust Global Services (United Kingdom) Director
Schindler Holding (Switzerland)(1) Director
Textron Corporation (United States)(1) Director
Date of birth: July 6, 1941.
Business address: LVMH – Clarendon House – 12 Clifford Street – W1S 2LL London (United Kingdom).
Number of LVMH shares held in a personal capacity: 550 shares.
Lord Powell was Private Secretary and Advisor on Foreign Affairs and Defense to Prime Ministers Margaret Thatcher and John Major from 1983 to 1991. He sits as a cross- bench member of the House of Lords, the British Parliament’s upper chamber.
Current positions and offices LVMH group
France LVMH Moët Hennessy - Louis Vuitton SE(1) Director, Chairman of the Nominations and Compensation Committee
and Member of the Performance Audit Committee Other
International Goldman Sachs International (United Kingdom) International Advisor
Positions and offices that have ended since January 1, 2013
France Euler Hermès SA(1) Member of the Supervisory Board
Fondation du Patrimoine Chairman
Renault SA(1) Director
Renault SAS Director
Lord POWELL of BAYSWATER
Date of birth: September 28, 1943.
Business address: Goldman Sachs International – Peterborough Court, 133 Fleet Street – EC4A 2BB London (United Kingdom).
Number of LVMH shares held in a personal capacity:
1,000 shares.
Charles de Croisset entered the Inspection des Finances in 1968.
After a career in the administration, he joined Crédit Commercial
de France (CCF) in 1980 as Corporate Secretary before being appointed Deputy Chief Executive and then Chief Executive.
In 1993, he was named Chairman and Chief Executive Oficer of CCF, then Executive Director of HSBC Holdings Plc in 2000. In March 2004, he joined Goldman Sachs Europe as its Vice- Chairman and was named as International Advisor to Goldman Sachs International in 2006.
Charles de CROISSET
Current positions and offices Vinci group
France Société des Autoroutes du Sud de la France SA Director
Vinci SA(1) Vice- Chairman of the Board of Directors and Senior Director
LVMH group
France LVMH Moët Hennessy - Louis Vuitton SE(1) Director, Chairman of the Performance Audit Committee,
Member of the Nominations and Compensation Committee and Chairman of the Ethics and Sustainable Development Committee Other
France Sofisport SA Chairman of the Supervisory Board
VTB Bank (France) SA Member of the Supervisory Board
Ysilop Consulting SARL Managing Director
YTSeuropaconsultants SARL Managing Director
International Solvay (Belgium)(1) Director
VTB Bank (Russia)(1) Member of the Supervisory Board
Positions and offices that have ended since January 1, 2013 None
Date of birth: July 22, 1948.
Business address: YTSeuropaconsultants – 13 bis, avenue de la Motte- Picquet – 75007 Paris (France).
Number of LVMH shares held in a personal capacity: 500 shares.
Yves- Thibault de Silguy has held various positions within the French administration, the French government, as well as within the European Community as European Commissioner for
Economic and Monetary Affairs (1995- 1999). In 1988, he joined Usinor- Sacilor, where he was the Director of International Affairs until 1993. From 2000 to 2006, he successively became a member of the Executive Board, Chief Executive Oficer and then Group Managing Director of Suez. In June 2006, he was appointed as Chairman of the Board of Directors of Vinci and in May 2010 he became Vice- Chairman and Senior Director.
Since May 2010, he has been Chairman of YTSeuropaconsultants.
Yves- Thibault de SILGUY
Bernard Arnault has been Chairman and Chief Executive Oficer of the Company since 1989. The Board of Directors has not limited the powers vested in the Chief Executive Oficer.
The Board of Directors came to the conclusion that the combined role of Chairman and Chief Executive Oficer was suited to the Company’s speciic shareholding structure, and furthermore enabled more rapid decision- making. Consequently, it decided not to dissociate the roles of Chairman and Chief Executive Oficer. In September 2001, in response to the proposal of the Chairman and Chief Executive Oficer, the Board appointed Antonio Belloni as Group Managing Director.
The Group Managing Director has the same powers as the Chief Executive Oficer.
At its meeting of April 14, 2016, the Board of Directors reappointed Bernard Arnault as Chairman and Chief Executive Oficer and, at the proposal of the latter, reappointed Antonio Belloni as Group Managing Director.
The balance of powers within the Board of Directors is ensured by the provisions of the Charter of the Board of Directors and the rules governing the three committees formed by it, which specify the duties of each of those Committees.
The Charter of the Board of Directors states that the role of the Board of Directors is to deine the overall strategic direction of the Company and to approve any signiicant transactions falling outside the scope of the strategic direction set by the Board of Directors.
The Board of Directors may also establish one or more ad hoc committees for speciic or important matters. Lastly, Independent Directors may meet separately from the other members of the Board of Directors (see §1.3.4 above concerning the operation of the Board of Directors in 2017).
The balance is maintained by the membership of the Board of Directors and of its various committees. According to the criteria laid down in the AFEP/ MEDEF Code, 47% of the Directors on the Board are Independent Directors. In addition, (i) the Nominations and Compensation Committee consists entirely of Independent Directors and (ii) at least two- thirds of the members of both the Performance Audit Committee and the Ethics and Sustainable Development Committee are Independent Directors.
1.4.2. Statutory Auditors