08 May 2013

Richemont reshuffles management

I-Net Bridge

Johannesburg - Luxury goods group Richemont [JSE:CFR] on Wednesday revealed changes to its group management committee.

Lutz Bethge‚ currently chief executive officer of Montblanc International‚ will be appointed as non-executive chairperson and head of supervisory board of Montblanc.

In this capacity‚ Bethge will represent the Maison externally and will be an advisor to the Maison on strategic matters. He will step down from operational business and from the group management committee on 30 June 2013.

The group also announced the appointment of Jerome Lambert‚ currently CEO of Jaeger-LeCoultre‚ as chief executive officer of Montblanc.

Lambert will remain a member of the group management committee. Montblancs new management organisation will be effective from 1 July 2013.

Daniel Riedo‚ currently Industrial Director of Jaeger-LeCoultre‚ will succeed Lambert as CEO of Jaeger-LeCoultre.

Richemont will release its annual results on 16 May.

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