Profit rises at luxury goods firm Richemont but chief to resign

Financiere Richemont, the world's second-biggest luxury-goods company, says Johann Rupert will resign from his post as chief executive next year.

Bernard Fornas and Richard Lepeu will become joint chief executives in April after Rupert steps down, Richemont said.

Rupert, the company's controlling shareholder and chairman, became chief in 2010 after Norbert Platt, who had held the job since 2004, stepped down.

Richemont named Lepeu as deputy chief executive and Gary Saage as chief financial officer last year.

via Business feed http://www.scmp.com/business/companies/article/1078945/profit-rises-luxury-goods-firm-richemont-chief-resign