Richemont announces new appointments

Richemont has appointed Johan Rupert as its chief executive officer (CEO), in place of Norbert Platt. Rupert will assume office as CEO from April 1, and will also continue his present role as group chairman, reports say.

Also Richard Lepeu who presently is the group’s finance director has been appointed as deputy CEO; Gary Saage as chief financial officer and Frederick Mostert as chief counsel. All executive changes will be effected in April. Both, Saage and Mostert will be proposed for election to the company’s board during the annual general meeting in September. Alain Dominique Perrin and Franco Cologni will step down from the board by end of March and continue on board as non-executive directors along with Platt .

The company is a luxury goods supplier, with a concentration in jewellery, luxury watches and writing instruments and has as its jewellery maisons renowned names like Cartier and Van Cleef & Arpels.