Navarre Steps Down As Moët Hennessy CEO, DFS Group’s Philippe Schaus Named As ReplacementSeptember 5, 2017
Moët Hennessy’s Christophe Navarre is stepping down from his role as CEO, departing the drinks company to focus full-time on his investment fund Neptune International. Navarre joined LVMH in 1997 as president and CEO of JAS Hennessy & Co., and has served as CEO of LVMH’s Moët Hennessy unit—whose portfolio includes the Moët & Chandon, Dom Pérignon and Veuve Clicquot Champagne brands, Hennessy Cognac and Glenmorangie and Ardbeg Scotch whiskies, among other wines and spirits—since 2001. Hennessy, in particular, has enjoyed an impressive rise during Navarre’s tenure, with the brand surging 22% to 3.7 million cases in the U.S. last year, accounting for roughly two-thirds of the overall Cognac market.
Philippe Schaus, who currently helms LVMH’s luxury travel retail division DFS Group, has been named as Navarre’s successor. A 14-year LVMH veteran, Schaus previously served as executive vice president of Louis Vuitton between 2009 and 2011, and was named chairman and chief executive officer of DFS in 2012. —Christina JelskiSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.