LVMH , the world's largest luxury group, has appointed Cecile Cabanis as its new chief financial officer, replacing CFO Jean-Jacques Guiony with effect from February 1 next year, the company said on Thursday.

Jean-Jacques Guiony takes over as president and CEO of LVMH's wines and spirits division Moët Hennessy on 1 February.

Alexandre Arnault, Bernard Arnault’s 32-year-old son, will join Guiony as deputy chief executive at Moët Hennessy from the start of February. Alexandre Arnault has spent the past few years in the US as a senior executive at jeweller Tiffany, which LVMH bought for $15.8bn in 2021.

LVMH has made several upcoming leadership changes across its executive board, with new appointments set to take effect early next year.

LVMH has moved its veteran finance chief to lead wine and spirits business Moet Hennessy and brought in Alexandre Arnault, a son of the luxury group's billionaire owner, to work with him as it strives to turn round the underperforming unit.