Business News: Richemont Will Replace Four Brand CEOs In The Coming Months
The CEOs of every one of the four of these brands will venture down (however who is doing so willfully is clearly a secret), yet just Dunhill is accepting a prompt substitution in Andrew Maag, head of Europe, Middle East, India, and Africa for design brand Burberry. Jaeger-LeCoultre CEO Daniel Riedo is leaving toward the finish of February “for different freedoms,” while both Piaget CEO Philippe Leopold-Metzger and Vacheron Constantin CEO Juan-Carlos Torres are resigning. Both Leopold-Metzger and Torres will stay non-leader presidents, as indicated by Bloomberg’s source. Georges Kern, who rose to become head of watchmaking for all of Richemont, will go about as break CEO of Jaeger-LeCoultre, however the arrangement for the other two brands isn’t yet known.
These are seasons of progress for the watch business and these are neither the first nor the last purges we hope to see in 2017. Clearly 2016 was an intense year and those at the highest point of the business are obviously not sitting back anticipating that things should improve on their own.