Megan Grant Takes on the Role After a Successful Tenure at L’Oreal’s U.S. Luxury Division
On June 3, Megan Grant will be taking on her new role as president and chief executive officer of Americas for Louis Vuitton. This recent development follows Grant’s tenure as the leader of L’Oréal USA’s luxury division. Now in her new position, she will be responsible for reporting to David Ponzo, the executive vice president of commercial activities, and will be based in New York.
Grant’s former position saw her leading renowned brands such as Lancôme, Kiehl’s, Ralph Lauren Fragrances, and Giorgio Armani’s beauty business, among others. According to a memo, Megan Grant contributed significantly during her 22-year tenure with L’Oréal through her various leadership positions in marketing and retail across multiple brands. The statement described her as having exceptional skills in “marketing, retail, customer acquisition, digital strategy and consumer products”.
It continued to praise Grant’s diverse background and aligned values of innovation and excellence, this it noted, would ensure Louis Vuitton Americas’ continued prosperity. Notably, Grant will be tasked with leading and developing the teams to foster performance, enhance client experiences, and grow the brand’s appeal within the Americas.
Her move to Louis Vuitton was preceded by the announcement of her departure from L’Oréal USA’s luxury division, which coincided with the appointment of Silvia Galfo as the president of the luxe division in April. Megan Grant will be assuming the duties previously handled by Lanessa Elrod, who served as the zone president, Americas, for the brand for seven years.
Grant’s new role in Louis Vuitton marks the second significant loss for L’Oréal U.S.A as Stéphane Rinderknech, the former CEO of L’Oréal’s U.S. division, joined LVMH Moët Hennessy Louis Vuitton in 2022 to supervise the luxury titan’s perfumes and cosmetics division.