PARIS — Daniel Lalonde, president and chief executive officer of Louis Vuitton North America, has been named president and ceo of Champagne producer Moët & Chandon, WWD has learned.
Lalonde’s new role was revealed internally at LVMH on Tuesday, sources said. It is understood Lalonde’s appointment is effective Monday.
Reached on Tuesday, an LVMH spokesman declined comment.
Lalonde was named Vuitton’s North American chief in 2006, having been moved over to the leather goods powerhouse from the LVMH Watch & Jewelry division in North America.
He was considered a surprising hire in 2002 when he joined LVMH’s watch business from Nespresso, a high-end coffee brand owned by the Nestlé conglomerate. An M.B.A. graduate from France’s INSEAD business school, he has held positions at Häagen-Dazs and the consulting firm Deloitte & Touche.
Meanwhile, LVMH Moët Hennessy Louis Vuitton has a long history of providing mobility to executives across its various divisions, which span from fashion and retail to fragrance and cosmetics.