Richemont CEO Steps Down

Johann Rupert will step down as CEO of Compagnie Financière Richemont, the parent company of Cartier, on March 31, 2013.

He will be succeeded by two co-CEOs: former Cartier CEO Bernard Fornas, who will oversee the operating companies, or “Maisons,” and Richard Lepeu, who will oversee the company’s central functions.

As previously announced, Van Cleef and Arpels CEO Stanislas de Quercize will succeed Fornas as CEO of Cartier, starting next year.