Richemont’s chief operating officer resigns

Swiss-listed luxury goods group Richemont’s chief operating officer, Yannick Lakhnati, has resigned and will leave the group on May 31 next year, the company said on Tuesday.

Richemont said in an announcement to the market that Lakhnati, who joined the group in 2003, is leaving for personal reasons and will return to South Africa.

No decision has been taken as to the appointment of Lakhnati’s replacement.

“I am sorry that Yannick has decided at this time to return home to South Africa. He has contributed significantly to the group’s performance since his appointment. We wish him every success for the future,” said group CEO Norbert Platt. — I-Net Bridge

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