South African native, and one of Forbes Magazine’s richest people, Johann Rupert, has recently been appointed the new CEO of the Richemont Group.
Richemont Group owns numerous world-class watch and jewelry labels, including Cartier, Panerai, Jaegar Le Coultre, and A. Lange & Sohne. New CEO Johann Rupert‘s long history of working in the luxury world as well as his charismatic personality are tell-tale reasons why the South African native was selected for the position.
Rupert has jumped on board in full-speed-ahead fashion, and he’s already indicating that he wants autonomy for the group brands. With the economy giving the sale of luxury items a run for its money, Rupert, and Richemont Group in general, have a lot of work ahead of them. Richemont Group, and it’s main competitor Swiss Swatch Group, have been hit hard by the recession, and as the new CEO, Rupert certainly has some busy days ahead of him.