After hosting the year’s first big watch fair, SIHH, the Richemont Group found itself in the news again this week for other reasons. The luxury conglomerate has announced the replacement of four of its brand CEOs — at Jaeger-LeCoultre, Piaget, Vacheron Constantin, and Dunhill.
Fabrizio Cardinali at Dunhill will be replaced by Andrew Maag, who had previously worked as head of India, Middle East, Africa and Europe for the well-known fashion brand Burberry. At Vacheron Constantin, current Marketing Director Louis Ferla will replace Charlie Torres, who is retiring. The new CEO at Piaget will be Chabi Nouri, who will take over for the retiring Philippe Leopold-Metzger. Nouri is currently Piaget’s Managing Director for Marketing & Sales and will start as CEO on April 1, 2017.
Daniel Riedo will leave his position at Jaeger-LeCoultre by the end of February. There has been no new CEO announced as yet for the brand, so Georges Kern – the Head of Watchmaking, Marketing and Digital at Richemont – will take over as interim CEO.