NEW YORK — Group Arnault said Wednesday it has tapped two managing directors for the senior management team of Europ@web, its $473 million Internet investment company, which is currently focusing on Europe and the U.S.
Andre de Baubigny has been named managing director of U.S. technology investments for Europ@web, and Charam Becharat has been appointed managing director for European technology investments.
De Baubigny and Becharat are supervising the Europ@web team working on investment opportunities here and in Europe, while Becharat is also managing several start-up ventures in Europe for the Internet investment unit.
In a statement, Bernard Arnault, the chairman of LVMH Moet Hennessy Louis Vuitton who controls Group Arnault, said, “The appointment of these two senior executives puts in place the management structure for Europ@web. With this team, we look forward to investing in and cultivating the development of Internet companies throughout the United States and Europe, which we intend to pursue aggressively.”
DeBaubigny, 35, has joined Group Arnault from Morgan Stanley in New York, where he had been a principal and lead Internet strategist in the corporate finance department. He will continue to be based here.
Becharat, 32, most recently was a senior vice president of selective distribution for LVMH, based in Paris, and a director of LVMH’s DFS Group and Sephora Holdings. He has been a senior executive involved in investments and operations within LVMH since 1994.
Group Arnault has financial stakes in publicly held Internet companies such as @home, EBay, and Cisco Systems, and strategic investments in more than 20 Internet startups, including; 1-800-Flowers and Planet Rx.
Group Arnault has also joined forces with U.K. retailer Kingfisher PLC, to launch Libertysurf, a Internet access service in France.