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Montblanc Names New Chief Executive Officer

Jérôme Lambert replaces Lutz Bethge, who will be appointed as a nonexecutive chairman and head of the supervisory board

LONDON — Compagnie Financière Richemont said Jérôme Lambert, currently chief executive officer of Jaeger-LeCoultre, will take up a similar role at Montblanc International, the writing instrument manufacturer and luxury accessories house.

He replaces Lutz Bethge, who will be appointed as a nonexecutive chairman and head of the supervisory board of Montblanc. Bethge will represent Montblanc externally, and will be an advisor on strategic matters.

Bethge, who was at Montblanc for 23 years, will step down from operational business and from the group management committee on June 30.

Lambert will remain a member of Richemont’s group management committee. He is to take up his new role at Montblanc on July 1.

Daniel Riedo, currently industrial director of Jaeger-LeCoultre, will succeed Lambert as ceo of that company.