January 17, 2021

Georges Kern Resigns as Head of Watches at Richemont 

LONDON – Georges Kern, who was promoted last year to the new position of head of watchmaking, marketing and digital, is leaving Compagnie Financière Richemont for a new job.
He has stepped down from Richemont’s senior executive committee and the group management committee, and will no longer be standing for election to the board of directors.
Richemont said Friday it “regretted” to announce the resignation, which takes place with immediate effect. “Georges has been offered an interesting opportunity to become an entrepreneur,” said the company’s chairman Johann Rupert.
“He has had a very successful career at IWC Schaffhausen and we wish him well.” IWC, Richemont’s watchmaking, marketing and digital activities, will report to the senior executive committee.
Kern was a Richemont veteran, having spent 15 years as IWC chief executive officer before being promoted to the new position last November during a difficult period for the high-end watch business overall. Richemont was forced to buy back stock, make layoffs, and re-structure its operations to adjust to the new normal of a more measured demand for watches.
Earlier this year, as part of a shakeup of the watch division, Kern also became ad interim ceo of Jaeger-LeCoultre after Daniel Riedo departed on Feb. 28.
As part of the

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