Changes to the roles of Executive Directors who serve on the Board of Richemont
23 Mar 2001
The Board of Compagnie Financière Richemont AG, the holding company of the Swiss luxury goods group, today announced several changes to the roles of Executive Directors who serve on the Board of Richemont SA, the Group's Management Board. These changes are a consequence of the acquisition of Les Manufactures Horlogères SA ("LMH") that was completed in December of last year. The structure will ensure that the various "Maisons" maintain their separate, vertical autonomy and product integrity whilst obtaining maximum synergistic benefits from this important strategic acquisition.
Johann Rupert, currently Chairman and Chief Executive of Richemont SA, will remain as Executive Chairman of the Management Board, while continuing as Chief Executive at the holding company level. Alain Dominique Perrin becomes Chief Executive of Richemont SA. Jan du Plessis, Finance Director, will continue to report directly to Mr Rupert.
Richard Lepeu, currently Chief Executive of Cartier, becomes Chief Operating Officer of Richemont. Amongst others, his role will include responsibility for the coordination and development of a number of critically important operational functions such as supply chain management, information technology, logistics and after-sales service.
Guy Leymarie, currently Chief Executive of Alfred Dunhill, succeeds Mr Lepeu to become Chief Executive of Cartier.
Günter Blümlein, previously Chief Executive of LMH, becomes Chief Executive of Richemont's new specialist Watch Division with responsibility for Jaeger-LeCoultre, Piaget, Baume & Mercier, IWC, Vacheron Constantin, A.Lange & Söhne and Officine Panerai.
Recognising the need to coordinate the strategic development of these respective brands, Franco Cologni becomes Executive Chairman of both Cartier and the newly formed Watch Division.
Simon Critchell, currently Chief Executive of Richemont in North America, will move from New York to London to become Chief Executive of Alfred Dunhill and will become a member of the Management Board.
Callum Barton, currently Operations Director of Richemont based in Geneva, will move to New York to become Chief Executive of Richemont North America.
Richemont owns a portfolio of leading luxury goods "Maisons", including Cartier, Montblanc, Alfred Dunhill, Lancel and Van Cleef & Arpels, as well as the prestigious watch manufacturers Jaeger-LeCoultre, Piaget, Baume & Mercier, IWC, Vacheron Constantin, A.Lange & Söhne and Officine Panerai.