Richemont appoints Belmont to replace Blümlein

Richemont, the Swiss luxury goods group, has appointed Henry-John Belmont as chief executive of its watch division.

The watch division consists of the luxury watch brands Jaeger-LeCoultre, Piaget, Baume & Mercier, IWC, Vacheron Constantin, A. Lange & Söhne and Officine Panerai. He also has been named a director of Richemont Société Anonyme, the group’s management board. The appointment was announced Oct. 28.

He succeeds Günther Blümlein who died at the beginning of October.

Belmont is currently chief executive of Jaeger-LeCoultre and was a long time colleague of Blümlein at Les Manufactures Horlogères (LMH) prior to its acquisition by Richemont last year.

Franco Cologni continues as Executive Chairman of both Cartier and Richemont’s watch division.