LVMH , the world's largest luxury group, has appointed Cecile Cabanis as its new chief financial officer, replacing CFO Jean-Jacques Guiony with effect from February 1 next year, the company said on Thursday.

Jean-Jacques Guiony takes over as president and CEO of LVMH's wines and spirits division Moët Hennessy on 1 February.

LVMH has made several upcoming leadership changes across its executive board, with new appointments set to take effect early next year.

LVMH has moved its veteran finance chief to lead wine and spirits business Moet Hennessy and brought in Alexandre Arnault, a son of the luxury group's billionaire owner, to work with him as it strives to turn round the underperforming unit.

Luxury group LVMH will change the leadership of its wines and spirits division amid a wider reshuffle of top management at the group controlled by French billionaire Bernard Arnault. LVMH’s chief financial officer Jean-Jacques Guiony,

Arnault, son of Bernard Arnault, one of the world’s richest men and the CEO of luxury goods conglomerate LVMH, has been considered a possible successor to his father’s empire.