Jean-Guillaume Prats to join LVMH
- Sunday 21 October 2012
From Cos to Cloudy Bay (above): Prats takes up new post at LVMH
Christophe Navarre of Moët Hennessy Wines & Spirits announced Prats’ appointment as CEO of Estates & Wines internally this week.
Effective from February 2013, Prats will be based in Paris, and will be a board member of the LVMH Comité Opérationnel. Since 2011, Prats has been chairman of the board of Domaines Reybier and Château Cos d’Estournel.
‘I made the choice to leave Cos d’Estournel after I have had the privilege of running the estate for 14 years,’ Prats told Decanter.com via email. ‘And [I] join the LVMH group with great enthusiasm.’
He will take over from Estates & Wines president and CEO Xavier Ybargüengoitia, who is due to retire at the end of May 2013; for the first four months they will work together to ensure a smooth transition.
Estates & Wines portfolio includes Cloudy Bay, Cape Mentelle, Terrazas de los Andes, Cheval des Andes, Newton Vineyard, Numanthia and Chandon.