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Richemont makes changes to management committee

9 May 2013

Luxury goods group Richemont (CFR) on Wednesday, 8 May 2013, revealed changes to its group management committee.

Lutz Bethge‚ currently chief executive officer of Montblanc International‚ will be appointed as non-executive chairman 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 alos 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 it annual results on 16 May.

Source: I-Net Bridge

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