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

When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

Promoted Headlines

Most Popular