The former CEO of Jaeger LeCoultre has been recalled to take over the reins of the watchmaking company, eleven years after his departure for the Richemont holding company. For the past six months, he had been working at Group level as Chief Operating Officer and member of the Executive Committee.
If there’s one rule that seems to hold true in a climate of luxury in crisis, it’s the famous dictum of the aristocrat Giuseppe Tomasi Di Lampedusa in his novel Le Guépard, itself adapted for the cinema by Luchino Visconti in 1963: “everything has to change for nothing to change”.
Indeed, Jaeger LeCoultre, the watchmaking company founded in 1833 and famous for its iconic Reverso watch, welcomes a new recruit… or rather a familiar face. This decision is in line with the growing trend – due to the luxury crisis – of theboomerang employee, which consists of a company reintegrating a former employee.
Yes, but Jérôme Lambert is not just any employee: he’s a former CEO and a loyal Maison loyalist from the Vallée du Joux. He even previously held the same position for the parent company and world’s third-largest luxury goods group, Richemont.
He is due to take office on January 1, 2025.
A return to his roots
Barely six months as Chief Operating Officer of the Richemont Group, Jérôme Lambert has been appointed head of Jaeger LeCoultre… for the second time.
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Featured Photo: © Jaeger LeCoultre
