Richemont rotates USA watchmaker brand presidents
Richemont is undergoing a leadership rotation within its USA operations, affecting several luxury watch brands. Philippe Bonay, who led Panerai's USA division for 14 years, has recently departed and remains unfilled. Meanwhile, Charles Dubos, previously IWC's brand director in the Netherlands and Nordics, is stepping into the role in the USA, taking over from Stanislas Rambaud, who has transitioned to Piaget after eight years with IWC. This frequent rotation of brand presidents often poses challenges for luxury watch retailers, as they must continually rebuild relationships with new executives. While this practice can attract talented individuals seeking diverse career experiences, it also risks losing valuable expertise and established connections that benefit long-term performance. Richemont's strategy reflects a dynamic approach to leadership while balancing the need for continuity in a competitive market.
