It seems like the Richemont Group is in the midst of playing a round of musical chairs.

Piaget has confirmed that Chabi Nouri will replace current Philippe Léopold-Metzger as CEO, effective April 1. Léopold-Metzger leaves after a career spanning 36 years at Piaget. He will become a non-executive president of Piaget after retiring on March 31.

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Prior to joining Piaget in 2014, Nouri spent 10 years at Cartier and six years at British American Tobacco. Nouri first joined Piaget as global brand equity, marketing jewellery and communication director before taking on the role of international managing director sales & marketing in September 2016.

In a statement, Piaget praised Nouri and noted: “Chabi has already had a strong impact, in particular in redeveloping successfully our jewellery business and repositioning the brand … She brings a unique perspective to Maison Piaget thanks to her overall vision that is both strategic and operational.”

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Nouri’s appointment as CEO follows a string of other updates going on at Richemont Group, where CEOs at Dunhill, Jaeger-LeCoultre and Vacheron Constantin are also leaving or retiring, according to a report by Bloomberg.

In the report, Andrew Maag, an ex-Burberry executive, was recently named as the new CEO of Dunhill. Daniel Riedo, CEO of Jaeger-LeCoultre, is expected to leave at the end of February. Juan-Carlos Torres, CEO of Vacheron Constantin, will retire to a non-executive president position. Details of Riedo’s and Torres’ successors are not yet known.

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