Richemont has announced new CEOs at both Piaget and Vacheron Constantin, while Georges Kern current CEO of IWC, will assume more responsibility, taking over as interim CEO of Jaeger-LeCoultre and head of all watchmaking at the luxury group.
News of the boardroom reshuffle leaked earlier this week, when sources within Richemont revealed that three out of the top four Richemont maisons were replacing their CEOs.
Philippe Leopold-Metzger will retire from his position as CEO of Piaget at the end of March, but will become non-executive president.
Chabi Nouri, the current managing director for marketing and sales at Piaget, will take over as CEO on April 1.
Ms Nouri had previously worked for 10 years at Cartier.
Vacheron Constantin’s Juan Carlos is also being moved to a non-executive president role at the end of March, with Louis Ferla replacing him as CEO (both pictured above).
Mr Ferla also comes from the commercial engine room of the company as the current managing director of sales and marketing. He brings considerable international experience to the top table, having worked for many years in the Far East and Middle East for Alfred Dunhill and Cartier.
Johann Rupert, Richemont executive chairman thanked Mr Leopold-Metzger and Mr Carlos for their contribution to the company over many decades.
“Philippe Leopold-Metzger has contributed so much to the development of his maison and Richemont as a whole during his tenure as chief executive of Piaget. I want to thank him most sincerely for his significant involvement in transforming the maison into the much broader-based business that we see today.
“Juan Carlos Torres has been a guiding force for Vacheron Constantin since our acquisition of the maison. He has been responsible for its significant development. I thank him for his efforts over his long and successful career at the maison.”