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Big changes coming

Big changes coming

Tuesday, 31 January 2017
Press Release
4 min read

Following the announcement of 4 November 2016, Richemont announces some senior management changes within the Group & its Maisons.

Mr. Jérôme Lambert, CEO of Montblanc, will become a member of the Board of Directors of Compagnie Financière Richemont. Mr. Lambert has been appointed Head of Operations responsible for central and regional services and all Maisons other than jewellery and watchmaking, effective 1 April 2017.
Mr. Nicolas Baretzki, Montblanc Executive Vice President of Sales, will take over from Mr. Lambert as CEO of Montblanc on 1 April 2017.
Mr. Baretzki is a graduate of the HEC Business School in Paris and joined the Group in 1995 where he has since spent his entire career, starting at Cartier in Asia as Marketing & Export Manager before becoming Cartier Commercial Director, based in Paris. In 2002 he moved to Jaeger-LeCoultre where he served as International Sales Director for 12 years before joining Mr. Lambert at Montblanc in 2013.

Jérôme Lambert, CEO of Montblanc, will become a member of the Board of Directors of Compagnie Financière Richemont.

Mr. Georges Kern, currently CEO of IWC, will become a member of the Board of Directors of Compagnie Financière Richemont. Mr. Kern has been appointed Head of Watchmaking, Marketing & Digital, effective 1 April 2017.
Mr. Christoph Grainger-Herr, current Retail & International Sales Director of IWC, will become its CEO on 1 April 2017. Mr. Grainger-Herr holds an Interior Design diploma from Bournemouth University (UK) as well as an Innernachkitektur diploma from the Gestaltung & Basel School in Switzerland. He joined IWC in 2006 and has worked in various roles, including Executive Brand Architect & Associate Director Strategic Planning in UK as well as Head of Trademarketing and Head of Marketing in Schaffhausen.
Mr. Philippe Leopold-Metzger will retire from his position as CEO of Piaget on 31 March 2017 after a career of 36 years in the Group and will become non-executive President of Piaget, thereby ensuring a smooth transition to his successor, Ms Chabi Nouri.
Ms Nouri is currently Managing Director for Marketing & Sales at Piaget, having joined in 2014. She will become CEO of Piaget on 1 April 2017. Prior to joining Piaget, Ms Nouri spent 6 years at British American Tobacco as Worldwide Director for the brand Vogue and more recently as Marketing and Sales Director for Switzerland and Austria. She had previously worked for 10 years at Cartier, of which eight at headquarters as Jewellery and High Jewellery Group Manager, International Retail Manager and Merchandising Manager.

Chabi Nouri will become CEO of Piaget on 1 April 2017.

Mr. Juan-Carlos Torres will retire from his position as CEO of Vacheron Constantin on 31 March 2017 and will become non-executive President. Mr. Torres joined Vacheron Constantin in 1981 in the Finance department and became its CEO in 2005.
Mr. Louis Ferla, Managing Director of Marketing & Sales at Vacheron Constantin, will become CEO on 1 April 2017. Mr. Ferla joined the Group in 2001. Until 2006 he worked for A. Dunhill as Areas Sales Manager in Hong Kong and then became General Manager in Taiwan. He joined Cartier in 2006 and served as General Manager in Taiwan, Regional Director in the Middle East & India and CEO for China. In 2015, he was appointed Cartier International Business & Client Development Director.
Mr. Daniel Riedo, currently CEO of Jaeger-LeCoultre, has decided to step down from his position and will leave the Group on 28 February 2017. Mr. Riedo joined Jaeger-LeCoultre in 2011 as Director of Production and was appointed CEO in 2013.
Mr. Georges Kern will assume the responsibility of CEO ad interim. Geoffroy Lefebvre, currently Managing Director of Operations for Vacheron Constantin, will be appointed Deputy CEO of Jaeger-LeCoultre.

Daniel Riedo, currently CEO of Jaeger-LeCoultre, has decided to step down from his position.

Mr. Fabrizio Cardinali has decided to step down as CEO of Alfred Dunhill and to pursue his career outside the Group, which he left on 5 January 2017.
Mr. Andrew Maag was appointed CEO of A. Dunhill with effect from 5 January 2017. Mr. Maag joined us after a ten-year tenure at Burberry where he most recently held the role of CEO Europe, Middle East, India & Africa regions & Americas.

Johann Rupert, président du groupe Richemont © Richemont

Commenting on the changes, Mr Johann Rupert, Executive Chairman, said:
“On a day to day basis we will lose two of our most experienced and senior colleagues this Spring. Philippe Léopold-Metzger has contributed so much to the development of his Maison and Richemont as a whole during his tenure as Chief Executive of Piaget. I want to thank him most sincerely for his significant involvement in transforming the Maison into the much broader-based business that we see today. Juan-Carlos Torres has been a guiding force for Vacheron Constantin since our acquisition of the Maison. He has been responsible for its significant development we see today. I thank him for his efforts over his long and successful career at the Maison. We wish Philippe and Juan-Carlos every success and each a long, active and happy life. Their knowledge of the business will be extremely hard to replace although we will continue to draw on their expertise in the future.
Daniel Riedo leaves the Group to pursue his career elsewhere. To him, our best wishes for a long and successful career in the years ahead and we thank him for his significant contributions at Jaeger-LeCoultre.”

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