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New Richemont CEO Lambert Tasked With Developing Digital Strategy

Jerome Lambert

Luxury group Richemont has appointed Jerome Lambert, till now the group’s chief operating officer, as the new CEO. He is tasked with transitioning the group’s brands, including Cartier, Van Cleef & Arpels, IWC, Piaget, Jaeger-LeCoultre, Montblance and Dunhill into the digital arena.

Richemont had done away with the CEO role six months ago when Richard Lepeu retired. Chairman Johann Rupert managed the group through a senior executive committee. Observers said that now, with the group showing a 10 percent rise in sales over the five months to August 31, particularly in Asia Pacific and the Americas, Rupert feels confident enough to hand over the reins to a CEO.

The group’s watch lines are reportedly the focus of a drive to develop a digital strategy, but Rupert was quoted as saying that Lambert would work with the heads of Cartier, Van Cleef & Arpels and the group’s finance head to ensure a coherent approach throughout the group, toward achieving common goals.

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