Richemont appoints new CEO

Richemont [JSE:CFR] on Monday morning announced the appointment of Jérôme Lambert as its new group chief executive officer with immediate effect.

Lambert was previously the group's chief operating officer. 

"Mr Lambert has had an extensive career with Richemont, having led Jaeger-LeCoultre and Montblanc and overseen the group’s Specialist Watchmakers, Montblanc and the group’s Fashion and Accessories businesses prior to taking on the role of group chief operating officer last year," the luxury jewelry and watchmaker said in a statement,

Chairperson of Richemonnt, Johann Rupert, said Lambert'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".