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.