LVMH Pledges to Hire More Women in Senior Executive Positions

MONACO - JULY 02:  Bernard Arnault, CEO of  LVMH  and wife Helene Mercier attend a dinner at Opera terraces after the religious wedding ceremony on July 2, 2011 in Monaco. The Roman-Catholic ceremony followed the civil wedding which was held in the Throne Room of the Prince's Palace of Monaco on July 1. With her marriage to the head of state of the Principality of Monaco, Charlene Wittstock has become Princess consort of Monaco and gains the title, Princess Charlene of Monaco. Celebrations including concerts and firework displays are being held across several days, attended by a guest list of global celebrities and heads of state.  (Photo by Pascal Le Segretain/Getty Images)
Bernard Arnault, chairman of LVMH, with his wife, Helene Arnault. Photo: Pascal Le Segretain/2011 Getty Images

It's a commonly held perception that the fashion industry is dominated by women. But if you look at the upper levels of the business side, this is far from the case. At LVMH, for instance, women currently make up only 17 percent of the executive board and 30 percent of the executive committees at different divisions, says Chantal Gaemperle, LVMH’s executive vice-president of human resources. This is still far above average, though: A recent study by the European Commission showed that a mere 12 percent of board members at Europe’s largest companies are women, and fewer than 3 percent of chief executive officers are female.

LVMH in Pledge to Women [WWD]