Richemont appoints group director of operations to senior executive committee
Richemont has announced that its group director of operations, Karlheinz Baumann, has joined its senior executive committee.
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. Having joined Richemont Maison, IWC Schaffhausen, in 2008 as chief operating officer, he was promoted to the group position of industry and services director in 2016 and to his present role in 2023.
His current responsibilities include manufacturing, research and innovation, customer service, logistics and supply chain, indirect procurement, responsible sourcing, and security.
Johann Rupert, chairman of Richemont, said: “In his 15-year tenure at Richemont, Karlheinz has successfully transformed the operations first at IWC Schaffhausen and then across the organisation as group director of operations, building on his deep expertise acquired as a former senior executive in the automotive industry and at McKinsey.
“His well-rounded experience and knowledge of the group will be crucial in advancing the group’s decisions on the increasing digitalisation, flexibility and resilience of our operations including in manufacturing and in distribution, notably relating to ‘Luxury New Retail’.”
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