Richemont Announces Senior Management Changes

ZURICH (Reuters) - Richemont, the luxury conglomerate, announced executive leadership changes on Friday, appointing the heads of its Cartier and Van Cleef & Arpels jewelry divisions to its executive committee.

Catherine Renier, CEO of Van Cleef & Arpels, and Louis Ferla, CEO of Cartier, have been elevated to the committee, the Swiss company said. Additionally, Richemont's chief people officer, Marie-Aude Stocker, will join the executive ranks.

Jerome Lambert, Richemont's former group CEO, will step down from the executive committee and board of directors to focus on his role as head of Swiss watchmaker Jaeger-LeCoultre.