Richemont Appoints Nicolas Bos as New CEO
By Andrea Figueras
Richemont said it appointed Nicolas Bos, currently chief of its French jewelry brand Van Cleef & Arpels, as its chief executive officer.
Bos--who joined Richemont in 1992--will take the re-established CEO position at the Swiss luxury group and join its senior executive committee on June 1, the company said Friday.
Meanwhile, said it booked sales of 20.62 billion euros ($22.41 billion) for its fiscal year, up from EUR19.95 billion than the year before. The result compares with analysts' forecasts of EUR20.56 billion, according to a poll of estimates compiled by FactSet.
For the period ended March 31, it posted operating profit of EUR4.79 billion, down from EUR5.03 billion previously, while the operating margin fell to 23.3% from 25.2%.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
May 17, 2024 02:21 ET (06:21 GMT)
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