Hermes CEO to get $5m pay-off
27/11/2013
In 2004 Mr Thomas became the first person to take the reins of the French luxury goods group who was not a descendant of founder Emile Hermes. He had been group managing director from 1989 to 1997.
Mr Thomas will step down in early 2014, leaving Axel Dumas, a sixth-generation descendant of the French company’s founder, as chief executive, a role which he had been sharing with Mr Thomas since June as part of an agreed transition.
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