Richemont announces that, effective 10 November 2023, Karlheinz Baumann will join the Group's Senior Executive Committee (SEC) in his capacity as Group Director of Operations, in charge of Manufacturing, Research & Innovation, Customer Service, Logistics & Supply Chain, Indirect Procurement, Responsible Sourcing and Security.Karlheinz Baumann will continue to report to Jérôme Lambert, Chief Executive Officer of Richemont and a Director on the Board of Compagnie Financière Richemont SA.Karlheinz Baumann brings 27 years of experience, primarily in production, R&D and supply chain excellence across the luxury and automotive industries. Mr. Baumann began his career in 1996 as a McKinsey consultant in Germany before becoming an Executive Director at the German automotive supplier, Wilhelm Karmann, in 2003. In 2008, he moved to Switzerland to join the Richemont Maison, IWC Schaffhausen, as COO.

In 2016, Mr. Baumann was promoted to the Group position of Industry & Services Director and then in 2023 to Group Director of Operations. A dual German and Swiss national, Karlheinz Baumann graduated from the Technical University of Munich with a Master's degree in Physics (1995).