LVMH Moët Hennessy Louis Vuitton has named Stéphane Baschiera the new chief executive officer at Moët et Chandon, WWD has learned.

This story first appeared in the January 6, 2012 issue of WWD.  Subscribe Today.

Baschiera, currently at the management helm of another LVMH-owned Champagne house, Veuve Clicquot Ponsardin, is to start in March and succeed Daniel Lalonde, who is joining Ralph Lauren Corp. later this month as president of Ralph Lauren International, as reported.

Baschiera has worked at LVMH’s wines and spirits division since 1996. His successor at Veuve is Jean-Marc Lacave, who will move over from LVMH’s watch and jewelry division, where he is currently in charge of Asia.

Lalonde took up the post at LVMH’s wines and spirits division in July 2010 after stints as president and ceo of Louis Vuitton North America and LVMH’s Watch & Jewelry division in North America.