Axel Dumas Explained

Axel Dumas
Birth Date:3 July 1970
Birth Place:Neuilly-sur-Seine, France
Alma Mater:Paris-Sorbonne University
Sciences Po
Harvard Business School
Occupation:Businessman
CEO, Hermès
Term:February 2014-
Predecessor:Patrick Thomas
Spouse:Elisabeth Franck
Relatives:Jean-Louis Dumas (uncle)
Pierre-Alexis Dumas (cousin)

Axel Dumas (born 3 July 1970) is a French billionaire heir and business executive. He is the chief executive officer (CEO) of Hermès, and a sixth-generation member of the Hermès-Dumas family.

Early life

Axel Dumas was born on 3 July 1970 in Neuilly-sur-Seine near Paris.[1] [2] His ancestor five times removed, Thierry Hermès, was a German French immigrant who founded Hermès in 1837.[3] [4] His paternal uncle, Jean-Louis Dumas, was the CEO of Hermès.[5] His father, Olivier Dumas, is a physician and the author of many articles about Jules Verne.[6] His mother died in 2003.[2] His cousin, Pierre-Alexis Dumas, is Hermes's artistic director.[7] He is a sixth-generation member of the Hermès-Dumas family.[8]

Dumas earned a bachelor's degree in Philosophy from Paris-Sorbonne University and a master of Laws.[2] He graduated from Sciences Po,[2] and he attended an executive program at the Harvard Business School.[6]

Career

Dumas was an investment banker for Paribas in Beijing, China from 1995 to 1997, in Paris from 1997 to 1999, and in New York City from 1999 to 2003.[2] [4]

Dumas joined Hermès as an auditor in 2003.[2] [4] He became the CEO of its jewellery division in 2006, and the CEO of its leather goods division in 2008.[2] [4] He was appointed as chief operating officer and joint CEO of the company alongside Patrick Thomas in June 2012,[9] and he succeeded Thomas as CEO in February 2014.[5] [7]

Personal life

Dumas is married to Elisabeth Franck, a journalist for Libération.[10]

With his family, Dumas is an heir to a 30 billion € fortune, making them France's third richest family as of 2017.[11]

Notes and References

  1. News: Avec Axel Dumas, Hermès ne connaît pas la crise. 9 February 2018. L'Echo. 23 March 2017.
  2. News: Vulser. Nicole. La famille Hermès unie derrière Axel Dumas pour contrer LVMH. 9 February 2018. Le Monde. 3 June 2016.
  3. News: Ellison. Jo. Lunch with the FT: Axel Dumas. 9 February 2018. Financial Times. 27 March 2015.
  4. News: Thomson. Adam. Hermès counts on Axel Dumas to guard family business. 9 February 2018. Financial Times. 4 March 2014.
  5. News: Daneshkhu. Scheherazade. Axel Dumas named as Hermès chief. 9 February 2018. Financial Times. 29 May 2012.
  6. News: Gröndahl. Marie-Pierre. Succession chez Hermès Axel Dumas bien en selle. 9 February 2018. Paris Match. 22 April 2013.
  7. News: Bagley. Christopher. Axel Dumas: A Man With a Clan. 9 February 2018. W Magazine. 19 August 2014.
  8. Web site: Axel Dumas: Chief Executive, Hermès . Business of Fashion . 12 July 2020.
  9. News: Milligan. Lauren. Hermès Moves. 9 February 2018. Vogue. 29 May 2012.
  10. News: Reymond. Mathias. Libération, mode d'emploi (2) : une dérive managériale et une déroute commerciale. 9 February 2018. ACRIMED. 11 December 2013.
  11. Web site: Les 500 plus grandes fortunes de France en 2017: Axel Dumas et famille Hermès. Challenges. 9 February 2018.