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Wednesday, April 7, 2010 as of 11:14 AM ET

Liliane Bettencourt

Liliane Bettencourt

Liliane Bettencourt (, born 21 October 1922) is a French heiress, socialite, businesswoman and philanthropist.

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Liliane Bettencourt Leaves L'Oreal Board, Replaced By Jean-Victor Meyers

French cosmetics giant L'Oreal (LRLCY, OR.

FR) announced Monday the end of heiress to the company Liliane Bettencourt's tenure on its board of directors.L'Oreal said Jean-Victor Meyers will join the board of directors, under condition of approval by the Annual General Meeting of shareholders.The company said Meyers, the 25-year-old grandson of Bettencourt, studied economics and management in France and in the U.S.In October 2011, a judgment placed Bettencourt under the guardianship of her eldest grandson, Meyers, while assets were to be managed by her daughter--with whom she is in open conflict--and her two grandsons.Copyright © 2012 Dow Jones Newswires...

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