SULITEANU NAMED SEPHORA CEO

NEW YORK — LVMH Moet Hennessy Louis Vuitton has tapped David Suliteanu, a department store veteran from outside its own ranks, to fill the vacancy at the top of Sephora.
Suliteanu has been named president and chief executive officer of Sephora Americas and Asia/Pacific, effective Sept. 1. He succeeds Howard Meitiner who, as reported, was named president and ceo of LVMH’s Specialty Retail Concepts unit.
Suliteanu’s appointment is only the second in a series of five appointments over the past month in which someone from outside the many operating arms of LVMH has been tapped for the presidency a unit.
Since 1998 Suliteanu has been with Home Depot as group president of diversified businesses, a position which gave him responsibility over its upscale Expo Design Center and its new Villager’s Hardware concept. He spent the early part of his career in department-store retailing, holding merchandising and store management positions with Foley’s, Bullocks and Macy’s before becoming president and general merchandise manager of Macy’s East in 1991. Following Federated’s acquisition of Macy’s and its merger of the Macy’s East and A&S divisions, Suliteanu became vice chairman and director of stores for the consolidated operation, the post he held until his departure for Home Depot.
In a statement, Suliteanu said, “Sephora is the only truly global beauty specialty concept and has forever changed the way beauty products are sold. The customer has responded enthusiastically to the comprehensive assortments, freedom, value and overall innovation of Sephora stores in each country where they have opened.”
Suliteanu will report to Pierre Letzelter, president of LVMH’s Selective Distribution Group, of which Sephora is a part. Sephora operates 59 stores in the U.S. and five in Japan, all opened in the last two and a half years. It has more than 250 units in nine countries in Europe.
In addition to Meitiner’s and Suliteanu’s appointments, LVMH has in the past week named Thomas O’Neill as president of the LVMH jewelry group, Fred Wilson president of the American arm of the fashion and leather goods unit, and Jean-Christophe Babin president of Tag Heuer watches. While Babin came from Henkel, the other presidential appointees prior to Suliteanu came from within LVMH.

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