Bernard Arnault, 76, could remain at the helm of the world's largest luxury group LVMH until he's 85 if shareholders back a company proposal at its annual shareholder meeting on April 17.

Bernard Arnault, the 76-year-old billionaire founder of LVMH, signaled he could helm the luxury group for the best part of another decade.LVMH said in a filing that it will seek to raise the age limit for the chief executive officer and chairman to 85 from the current 80 at next month’s annual general meeting.

The legendary 94-year-old investor Warren Buffett wrote to Arnault after LVMH raised its retirement age to 80 in 2022, saying the age limit was much too conservative.