LVMH Moet Hennessy Louis Vuitton tapped Mark Weber as chief executive officer of LVMH, Inc. (U.S.) and chairman and ceo of Donna Karan International on Tuesday, ending a lengthy and much-talked about search to replace Jeffry Aronsson, whose tenure as DKI’s president and ceo has now officially ended.
In his new role, Weber will explore strategic opportunities for LVMH in North America, as well as managing and supporting that business’ central operations here. As reported in these pages on Tuesday, Weber, who is joining the LVMH Group executive committee, is also taking over the worldwide operational responsibility for LVMH’s Thomas Pink division.
For Weber, this marks a return to Seventh Avenue after being unceremoniously dismissed from PVH last February after 33 years, the last eight months of which he served as ceo. Weber joins the company at a crucial turning point.
The business, while still considered fragile by some industry observers, has been on an uptick over the past two years, particularly at the Collection level, and DKI is said to be operating profitably since 2005.
For complete coverage see tomorrow's issue of WWD.
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