Luxury industry titan Bernard Arnault may continue steering LVMH, the world's largest luxury conglomerate, until the age of 85—if shareholders approve a proposed bylaw change at the company’s annual meeting on April 17.

Bernard Arnault wants to once again extend the age limit for remaining at the helm of LVMH Moët Hennessy Louis Vuitton. A resolution to increase the age limit for him to serve as chief executive officer to 85 will be submitted to shareholders at the luxury conglomerate’s annual general meeting,

LVMH appointed one of billionaire founder Bernard Arnault’s sons to lead its Italian cashmere brand Loro Piana, as part of a fresh leadership shuffle likely to put renewed attention on succession planning.