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Richemont Watch Brands Get New Leadership

Feb 2, 2017 3:00 AM   By Rapaport News
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RAPAPORT... Richemont announced the appointment of new heads at four different brands, including three luxury watchmakers.

Chabi Nouri, currently managing director for marketing and sales at Piaget, will replace the timepiece brand’s CEO Philippe Leopold-Metzger on April 1, a spokesperson for the Geneva-based group said. Leopold-Metzger, who is retiring, will remain a non-executive president of the division.

On the same date, Louis Ferla, currently managing director for marketing and sales at Vacheron Constantin, will take over from CEO Juan-Carlos Torres, who is also retiring, but will continue as a non-executive president of the watch brand.

At Jaeger-LeCoultre, Georges Kern has been named interim CEO and will assume the role on February 28 when current CEO Daniel Riedo leaves the watchmaker. Kern is currently CEO of watchmaker IWC Schaffhausen. Geoffroy Lefebvre, at present managing director of operations for Vacheron Constantin, will be appointed deputy CEO of Jaeger-LeCoultre.

Separately, Andrew Maag took charge as CEO of Alfred Dunhill, a Richemont-owned luxury retail brand, on February 5, the group said. Maag was previously CEO for Europe, the Middle East, India and Africa at Burberry Group.

The appointments follow a wider revamp of the top management at Richemont disclosed in November, with the retailer abolishing the group CEO role. Current chief Richard Lepeu is set to retire by the end of March.

Image: Alex Brown
Tags: Alfred Dunhill, Andrew Maag, appointments, Chabi Nouri, Daniel Riedo, geneva, Geoffroy Lefebvre, Georges Kern, Jaeger-le-Coultre, Juan-Carlos Torres, luxury, Philippe Leopold-Metzger, Piaget, Rapaport News, Richard Lepeu, Richemont, Vacheron Constantin, watches
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