Connect with us

Headlines

Luxury Giant Names CEO After Many Months Without One

The company promoted its COO.

mm

Published

on

Luxury Giant Names CEO After Many Months Without One

Geneva-based Richemont, parent company of Cartier and other luxury brands, has named Jérôme Lambert, currently group chief operating officer, as group CEO.

The appointment is effective immediately.

The announcement represents a reversal for the company, which said in November 2016 that it would no longer have a CEO. that statement came as then-CEO Richard Lepeu planned to retire. The company said Lepeu would not be replaced, and instead it would implement a new structure.

The Wall Street Journal wrote at the time: “Top executives at Richemont luxury brands, which include Cartier, Montblanc and IWC Schaffhausen, will report to the board, led by Executive Chairman Johann Rupert.”

In a press release Monday, Richemont stated: “Jérôme’s new role sees him taking responsibility for the Group’s future growth at a time when consumer habits are changing significantly. As we position the Group to meet these challenges, he will lead the development of strategic plans reflecting the long-term objectives and priorities established by the Board.”

Advertisement

Advertisement

SPONSORED VIDEO

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

Promoted Headlines

Most Popular