PARIS – Capping the continuing government shuffle at its watch and jewellery manufacturers, Richemont has revealed one other collection of rapid-fire appointments on Friday.
Laurent Perves had been named chief government officer of Vacheron Constantin, whereas Jérôme Lambert turns into CEO of Jaeger-LeCoultre as soon as once more.
Each executives will take up their positions on Jan. 1.
Perves, who’s at the moment chief industrial officer of Vacheron Constantin, takes over from Louis Ferla, who was named CEO of Cartier in July’s raft of government strikes. In the meantime, Lambert, at the moment Richemont’s chief working officer, takes over at Jaeger-LeCoultre, succeeding Catherine Rénier, who stepped as much as develop into CEO of Van Cleef & Arpels.
Their appointments full a yr of change, a part of the succession planning in high administration by chairman and founder Johann Rupert. In Might, Richemont revealed that Nicolas Bos, previously head of Van Cleef, would take over as CEO of Richemont.
Perves, a French and Swiss nationwide, has been at Vacheron Constantin for eight years, becoming a member of in December 2016 as chief advertising officer and turning into chief industrial officer in 2021. He’s credited with enjoying an essential half within the model’s positioning as a frontrunner in excessive watchmaking and its industrial success.
He started his profession at LVMH Moët Hennessy Louis Vuitton as change supervisor in its fragrance and cosmetics division. After that, he spent a decade at Procter & Gamble in numerous roles in shopper intelligence, advertising and enterprise growth, culminating as world model supervisor of Gucci Parfums.
After that, Perves served for over two years as head of name communications at Audemars Piguet earlier than becoming a member of Richemont.
A graduate of Paris-based ESSCA administration faculty, Perves holds a masters diploma in economics and advertising in addition to masters in processes engineering and mission administration from Polytech Angers engineering faculty, and a masters in technique and group from Paris Dauphine college
Additionally a French and Swiss nationwide, Lambert is again on the helm of Jaeger-LeCoultre, a place he beforehand held for over a decade.
A graduate of the ESG Administration College in Paris and the Swiss Graduate College of Public Administration, the 55-year-old joined Jaeger-LeCoultre in 1996 as monetary controller after holding monetary roles in Switzerland’s public postal and telecommunications service.
He grew to become the watchmaker’s chief monetary officer in 1999 and was its CEO from 2002 to 2013. He grew to become CEO of Montblanc in 2013. In parallel, he additionally served as chairman of A. Lange & Söhne from 2009 and was the corporate’s CEO for 2 years.
In 2017, Lambert was first named the group’s head of operations, then group operations officer, earlier than serving because the group CEO from September 2018 till Bos’ nomination in Might. Lambert then took up his former place as chief working officer in June.
Each executives are stepping in at a rocky time for luxurious and watches particularly. Richemont’s specialist watchmakers underperformed within the first half, with outcomes down 17 p.c within the class as demand was dented by the slowdown in China.
On the time, the group stated the decline in demand for watches “highlights the necessity for self-discipline and warning relating to overproduction, and underscores the significance of adapting to altering market situations,” which can finally protect the watch manufacturers’ “desirability.”