PARIS — The management changes just keep coming at Compagnie Financière Richemont.
On Thursday, the Swiss luxury group said Fabrizio Cardinali, chief executive officer of Lancel since last October, would take over as ceo of Alfred Dunhill effective June 1.
Cardinali is to succeed Eraldo Poletto, who last month quietly exited the luxury group, parent of brands including Cartier, IWC and Van Cleef & Arpels.
Richemont said Poletto would pursue other interests and thanked him for “his contribution to the brand.” His next move could not be learned.
An Italian national, Cardinali joined Lancel from Dolce & Gabbana, where he held a variety of titles, including sales and marketing director. He has also worked at Diesel and Levi Strauss & Co.
A driven, energetic executive, he hatched a plan at Lancel to modernize its product range, expand the leather goods house’s footprint in fast-growing Asia and ramp up its upscale offering in exotic skins.
Gianni Serrazi, Lancel’s chief operating officer, is to act as interim ceo until Cardinali’s successor is named.
Previously, ceo’s in those companies, which include Chloé, Azzedine Alaïa, Peter Millar and Shanghai Tang, reported to Wikstrom.
These executives will now report to Richemont co-ceo’s Bernard Fornas and Richard Lepeu, with Fornas taking up the lion’s share of Wikstrom’s responsibilities.
Fornas is to oversee the development of Richemont’s fashion and accessories business along with other maisons, which are largely watch and jewelry firms. Lepeu is to supervise Richemont’s regional platforms and group support functions, which include real estate, human resources, logistics, legal and finance.
Wikstrom’s resignation came on the heels of the decision by Richemont’s main shareholder, chairman and former ceo Johann Rupert, to take a yearlong sabbatical, starting in September.
Fornas, who had been Cartier’s longtime ceo, and Lepeu, previously deputy ceo, officially took over on April 1.
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