Recently, coincides with the troublesome watch big brother "Richemont Group" and then hit, will open a new round of layoffs tide. Among them, Richemont's brand Piaget and Vacheron Constantin will be a substantial layoffs. Prior to this, there is news that Richemont Group due to its watch and jewelry performance decline, in order to save costs, will cut 200 to 250 jobs. In recent years, Richemont has been trapped in a sustained downturn in performance, starting from last year, frequent changes in personnel. Last year in July, Cartier International Retail Director PhilippeGaltié switched to Tiffany. In the same month, Cartier executives Hélène Poulit-Duquesne switched to Kaiyun Group. At the end of the year, Stanislasde Querciz, chief executive of Ricoh Group, announced that it had changed its position to Cyrille Vigneron, former president of LVMH Group Japan. In May this year, Richemont began its first round of rolex replica uk layoffs, the Group's Cartier, Earl and Vacheron Constantin three watch brands for a substantial layoffs, a total reduction of 300 positions. Mr. Richard Lepeu, who has traveled to retirement age, said he would retire from March 31, 2021 to retire. And CFO Mr. Gary Saage also intends to retire from July 31, 2017, return to the United States and family reunion. In order to respond quickly to the challenges facing the current business and boutique industries, the Board decided to proceed with job adjustment for the senior management of the Group. IWC's current CEO, Mr. Georges Kern, will be the head of the watch, marketing and e-commerce department. Mr Johann Rupert will continue to serve as the Managing Director of the Group, as well as other senior management positions, including Mr. Nicolas Bos, who will join the board as CEO of Van Cleef & Arpels, in the latest personnel adjustment program proposed by Richemont. Mr. Burkhart Grund, the current deputy chief financial officer, was promoted to CFO and IWC's current CEO, Mr. Georges Kern, will be the swiss replica watches head of the watchmaking, marketing and e-commerce department, and the current CEO of Montblanc, Mr. Jérôme Lambert, who will take over the retail business and all outlets , The job adjustment list will be submitted to the board of directors of Compagnie Financière Richemont SA and then voted by the shareholders at the annual general meeting held in September 2017. The list of other further personnel will also be presented before the annual general meeting of shareholders in 2017. Montblanc's current CEO, Mr. Jérôme Lambert, will take over as retail operations and operations director for all outlets. Ricannont CEO Johann Rupert also published his views on rolex replica watches this wave of personnel changes and expectations. He said the CEO and CFO retirement is the cause of this wave of personnel adjustments, but he also used to rethink the senior management of the organizational structure of an opportunity. And this wave of personnel adjustment will focus on strengthening the group in response to market changes in the ability, especially in the future development and e-commerce.