There’s a new boss in town.
According to an internal communication seen by STYLE, Jérôme Lambert has been promoted to become the new CEO of Richemont Group, with immediate effect.
Lambert has a long history with the Swiss luxury group, which owns leading brands including Cartier, Jaeger-LeCoultre, Piaget, Montblanc and Van Cleef & Arpels.
View this post on Instagram
A post shared by DEPLOYANT (@deployant) on Nov 10, 2017 at 7:13am PST
He has held other top posts, including CEO of Montblanc and, most recently, was appointed as the group’s chief operating officer last December
Lambert’s new role “sees him taking responsibility for the group’s future growth at a time when consumer habits are changing significantly”, Johann Rupert, chairman of Richemont, says in the internal communication.
“As we position the group to meet those challenges, he will lead the development of strategic plans reflecting the long-term objectives and priorities established by the board.”
Lambert will be joining the ranks of other fellow senior executives on the board as “first amongst equals”, Rupert says.
The board also includes Cyrille Vigneron, chief executive of Cartier, Nicolas Bos, chief executive of Van Cleef & Arpels and Burkhart Grund, Richemont’s chief finance officer.
This is a 180-degree change since 2016, when Rupert scrapped the role of CEO.
Many had tipped Georges Kern as the favourite to claim the group’s top role until his sudden departure from Richemont in July last year to become CEO of the luxury Swiss watchmaker Breitling.
Kern, also a veteran at Richemont, had been with the Swiss luxury group for 17 years.
He was most noted for his role as CEO of IWC Schaffhausen, and as the group’s head of watchmaking, marketing and digital, which was a short-lived stint of less than four months.