LVMH appoints new Moet boss

LVMH has appointed a new CEO for Maison Moet et Chandon.

Daniel Lalonde has taken over from Frédéric Cumenal.

Lalonde joined LVMH in 2002 as president and CEO, North America for the watches and jewellery business before becoming president and CEO of Louis Vuitton North America in 2006.

Lalonde is a Canadian national.

Simultaneously and in addition to his current leadership of Veuve Clicquot Ponsardin, Stéphane Baschiera will now be responsible for managing champagne support and resources.