Jaeger-LeCoultre chief executive officer Jérôme Lambert has been appointed as chief executive officer of Montblanc, effective from July 1, 2013.
Lambert will remain a member of the Group Management Committee. Daniel Riedo, who is currently industrial director of Jaeger-LeCoultre, will succeed Lambert as chief executive officer of Jaeger-LeCoultre.
In other changes to the Group Management Committee, Lutz Bethge, who is currently chief executive officer of Montblanc International, will be appointed as non-executive chairman and head of the supervisory board of Montblanc. In this role, Bethge will represent Montblanc externally and will advise on strategic matters. He will step down from the operational business and from the Group Management Committee on June 30, 2013.
Richemont’s Board of Directors thanked Bethge for "his immense contribution to the development of Montblanc from a traditional writing instrument manufacturer to a strong luxury Maison. During his 23-year tenure in various roles, the Maison has been recognised as a legitimate player in the watch business, providing continued and significant growth".