We have seen the executives and presidents of Boamerang turning into the roles of ascension. But in the case of Jerome Lambert, the transition seemed like a return to his roots as he moved from the vast pioneer Richmont to overseeing one brand under the Swiss company.

Lambert spent nearly six years as a group executive in the watch giant until last May. Then make a COO collection In June 2024, since January, the CEO of Richmont Gyleg-LcCulter has been appointed.

While many examples of Boamerang executives who return to the higher job after departure, such as Volvo CEO This is Samuelson And UBS ‘Sergio Ermotti, Lambert slice from the top of the corporate pyramid to the lower degree in the hierarchy is uncommon.

But he says it is a volunteer job.

“This opportunity is a privilege and homes for the homeland for the craft and heritage that formed my career,” Lambert said of his return when it was announced in November.

The Financial Observer and Financial Director of Jaeger-Lecoultre was before his first period of his CEO, his 11-year job role between 2002 and 2013. He also worked on another brand for Ritchematt, a luxury stationery maker.

“It was the privilege to be able to ask the new chief executive of Riccontont [Nicolas Bos] “If I can return to the job I love for the second time,” he told Lambert the Financial times In an interview published on Tuesday, before the annual watches and wonders commercial exhibition in Geneva.

Certainly changing the role of Lambert came amid a wider modification in the Bretchestan brands after the CEO Cartier Cyrill Veneron retired. Louis Verla, former president of Fashiron Konstantin, took the role of Vigneron. Meanwhile, Nicholas Boss moved from being the CEO of Van Cleef & Arpels to Richmont.

Lambert had previously had to move in slope and flows in luxurious watches and demand for jewelry in the Kovid-19 pandemic. Since 2019, in the first year in which Richmont was headed, the company’s sales and its profit increased by 27 % and 20 %, respectively.

This number was reduced before recovery in 2021 when the shopping boom prompted luxury profits to record high levels. The next slowdown has also affected Richmont, but the company began to show signs of early recovery thanks To perform the strong Asia.

The story was slightly different over the 11 years in which Lambert led the last time Gayjin-Lockter, one of the watchmakers of Richmont with nearly 200 years of date and 400 patents. During the 2000s, the company sharpened its focus on the ability to bear the costs while respecting the science of accurate importance.

Lambert took a classic watch line like Reverso, which was presented in 1931, and made versions with innovative fluctuations, including Watch Trio Watch, and Reverso Grande à Triptyque complications.

While it seemed as if Lambert had moved from Gayjir-Lightter, it is clear that Richmont wanted him to take care of the brand like noon in the days of its glory.

According to a report issued by Morgan Stanley and Luxonol, Gayjir-L-Lightter had weakened the Swiss watches market last year. Slipped from 10 to 14 in the list of the best 20 Swiss brands through sales from 2017 to 2024.

He points to the return of Lambert against a different background from before – but in a good way, as he notes.

He said: “Being an old, rare watch, is no longer enough to express value. For this reason, I think we are all paid to new limits in terms of providing greater value.” Lambert added that the watchmaking is no longer a gateway in one or a few countries, which opens more doors than before.

The actors in Richmont are no longer immediately luckRequest to comment.

This story was originally shown on Fortune.com

https://fortune.com/img-assets/wp-content/uploads/2025/04/GettyImages-654233632-e1743507551809.jpg?resize=1200,600

2025-04-01 12:02:00