Jérôme Lambert, the current CEO of Richemont, has held senior management roles for most of his 20+ year career with the group, and looks set to take the reins at its Online Distributors division that houses pre-owned watch specialist Watchfinder and luxury ecommerce operation Yoox Net-A-Porter.
Online Distributors generated sales of CHF €2.4 billion in the 2020 financial year, but recorded a loss of €99 million.
Richemont’s structure means that its group CEO is responsible for the financial health and operational wellbeing of the organisation, while its individual maisons have license to chart their own strategic and creative directions.
Cartier is by far the largest of the watch and jewellery brands, and its chief executive Cyrille Vigneron is tipped to take over from Mr Lambert as CEO of the group, according to insiders familiar with ongoing discussions at the top of Richemont about its most senior management team.
Marie-Laure Cérède, who has been creative director for Cartier’s timepieces division since 2017, is among those tipped to take over as CEO for the brand.
Richemont’s senior management restructuring has reportedly been taking place for more than a week and is unlikely to be concluded quickly, insiders say.
There has been limited official comment about the restructuring, but Richemont did confirm last week that its group’s human resources director Sophie Guieysse has stepped down from its senior executive committee.