Louis Vuitton completed its search for a new management lineup after its acquisition of Tiffany & Co.
The French conglomerate, itself the product of a merger between Louis Vuitton and Moët Hennessy, appointed David Ponzo to serve as executive vice president, commercial activities for Louis Vuitton. Ponzo will be tasked with overseeing Louis Vuitton’s nearly 500 brick-and-mortar locations, as well as e-commerce activities.
In an internal announcement, Louis Vuitton praised Ponzo, who first joined the company in 2016 as zone president in Japan.
“For the past five years David has successfully led a Japanese management team that has been synonymous with excellence including the opening of unique stores such as Maison Osaka Midosuji last year,” it read.
Louis Vuitton lost Anthony Ledru, Ponzo’s predecessor, who was given the title of chief executive officer of Tiffany & Co. on Jan. 7.
“I am delighted to re-join Tiffany, the most iconic American luxury brand which I have long admired,” Ledru said at the time of his appointment. “Going forward, I have deep confidence in LVMH’s commitment to protect the brand, drive its growth strategy and apply the highest standards of retail excellence to Tiffany. The potential ahead is limitless, and I look forward to writing this next deeply promising chapter, along with the 14,000 Tiffany employees around the world.”
The merger, which was effectuated on Jan. 7, came with a $15.8 billion price tag for LVMH, who acquired the New York-based luxury jeweler in November 2019.
A representative for LVMH did not immediately reply to the Washington Examiner’s request for comment.
