Georges Kern resigns from Richemont

As per a statement issued by luxury conglomerate Richemont, Georges Kern has resigned as head of watchmaking, marketing and digital. The surprising change takes effect immediately, and comes just several weeks after Kern assumed his new position. Kern was previously CEO of IWC for several years.

Richemont watchmaking boss resigns to become an entrepreneur.

Four Richemont subsidiary CEOs step down

Compagnie Financière Richemont SA, Richemont for short, is making high profile changes to four of its subsidiaries according to a story by Bloomberg. According to the report the CEOs of Dunhill, Jaeger LeCoultre, Piaget and Vacheron Constantin will be stepping down from their roles in the near term.

Richemont is one of the top five luxury goods companies in the world.