Highly respected industry executive Michael Schriver has been appointed Group President North Asia at LVMH Moët Hennessy Louis Vuitton, effective immediately.

In an announcement via LinkedIn, the Bernard Arnault-controlled luxury goods conglomerate said Schriver would bring ‘unique value’ to the role owing to his extensive knowledge of operating within the region.

His first-hand experience of Asia’s growth and transformation over the years has allowed Schriver to develop ‘an intimate understanding of the consumer, the distribution, and the broader business environment’, read the LinkedIn post.

Schriver is familiar to many for his time at LVMH subsidiary DFS Group, where he held a number of senior roles including as Chief Operating Officer in a career spanning more than 16 years.

Having departed DFS in 2014, he has since served as President North Asia at Louis Vuitton.

Prior to joining DFS, Schriver spent 20 years with US department store chain Macy’s East where he began as a management trainee before rising through the ranks.

Arnault stated: “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 organisation.

“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.”

The announcement has been greeted by scores of congratulatory comments via LinkedIn.