Private Sales site Vente-privee.com has promoted Charles-Hubert de Chaudenay from its board of directors to the role of chief executive, effective November 2.
Former commando paratrooper Chaudenay has been on the board since 2008. He was previously managing director of Swiss investment bank Crédit Suisse First Boston.
Vente-privee said the promotion reinforces the business’s plans to invest and grow over the long term. Earlier this month Vente-privee bought a majority stake in rival site Vente-exclusive.com. It will absorb Vente-exclusive’s management team but the site will continue to be run as a separate business.
Commenting on Chaudenay’s appointment, Vente-privee founder and executive chairman Jacques-Antoine Granjon said: “Property manager for Vente-privee for the past seven years, the company’s senior banker for all mergers and acquisitions; we have worked together on these projects for a number of years.
“I have every confidence in him that he will help Vente-privee to transform, grow and expand into new markets.”
In 2014 Vente-privee turned over €1.7bn (£1.2bn). The site now has over 25 million registered members in the eight European countries in which it operates.