NEW YORK -- Victor Lipko is leaving as president of Lopez-Cambil Ltd., the company that makes Paloma Picasso accessories, to become president of Christian Dior Inc., the U.S. subsidiary of the Paris-based Christian Dior SA.

Lipko, who has been with Lopez-Cambil since 1988, said Thursday that he is under contract there until June but would be participating in a search for his successor and hopes to join Dior within the next two months.

At Dior, Lipko will replace Michael A. Burke, who in March was named president of Louis Vuitton North America, the U.S. subsidiary of Louis Vuitton Mallatier. Burke had retained the post of executive vice president of Dior. He will give up that title when Lipko comes on board, a Dior spokeswoman here said.

Dior and Vuitton are parts of the luxury goods empire controlled by French tycoon Bernard Arnault. Burke has been with Dior since 1986.

Lipko reports to Francois Baufume, director general and president of Christian Dior SA, and will oversee all Dior businesses in the U.S., Canada and Mexico, except for fragrances and cosmetics.

In his six years at Lopez-Cambil, Lipko said, the company grew from a volume of $3.2 million to $80 million worldwide in 1993.

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