No more C.E.O. at Richemont

Johann Rupert

The world’s 2^nd largest luxury retailer by sales doesn’t need a C.E.O. Richard Lepeu will step down in March 2017 and will not be replaced. To ease decisions, the head of each large business will report directly to the new Board, including Cyrille Vigneron (aged 54, C.E.O. of Cartier) and Nicolas Bos (C.E.O. of Van Cleef & Arpels) and Jérôme Lambert (C.E.O. of Montblanc), both 40. Meanwhile Norbert Platt (former Operational Director) and Gary Saage (Chief Financial Offi