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.

LVMH appointed new divisional leaders in a reshuffle that returns one of billionaire founder Bernard Arnault’s sons to the luxury conglomerate’s Paris headquarters from New York-based jeweler Tiffany & Co.

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,

Alexandre Arnault (pictured) will become deputy chief executive of Moët Hennessy, the drinks arm of conglomerate LVMH.