Jean-Louis Dumas, the French manager who ran Hermès International between 1978 and 2006, has passed away at the age of 72. He represented the fifth generation at the head of the company, which he developed strongly with his strategic vision, accompanied by a fine sense of humor. The company went public under his management in 1993 and its share price is now 21 times higher. Upon his retirement in 2006 due to ill health, Jean-Louis Dumas appointed his assistant Patrick Thomas as his successor, working together with his son Pierre-Alexis Dumas. The death of the family patriarch rekindled unconfirmed speculation about a possible change of ownership of the company, where the Dumas family holds about 72 percent of the shares.