THE WHAT? LVMH has named Michael Schriver as Group President, North Asia, effective immediately, according to a report published by Retail in Asia.

THE DETAILS Schriver will oversee the luxury conglomerate’s operations in Greater China and South Korea. His LinkedIn account lists his most recent role as President North Asia for the group’s flagship Louis Vuitton brand. Prior to that, Schriver was COO of stablemate DFS Group.

THE WHY? LVMH Chairman and CEO, Bernard Arnault, told Retail in Asia, “I am delighted of Michael’s nomination. It is a strong signal of our determination to invest in our future in Asia and to enhance collaboration across our organization.

“I have been working with Michael for over 20 years and have been constantly impressed with his understanding of the business at all levels. I will stay in close contact with him in his new role. His expertise, and the knowledge of the Group ecosystem and culture will be strong assets for us.”