Grandson replaces Liliane Bettencourt on L'Oreal board

Tuesday 14 February 2012

On 14 February, L'Oreal heiress Liliane Bettencourt was replaced by her grandson on the company board. Ms Bettencourt, who is 89 years old, is the daughter of the founder of L'Oreal and has been diagnosed with Alzheimer’s disease. Her net worth has been estimated at EUR 17 billion. In October 2010, she became a legal dependant of her daughter and grandsons.