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Luxury conglomerate abolishes CEO position


no ceo richemont

Cartier is one of the many brands owned by Swiss luxury firm, Richemont.

No CEO? No problem.

Richemont (CFRUY), the Swiss luxury firm that owns Cartier, Montblanc and more than a dozen other high-end brands, will get rid of the job next year, when its current CEO retires.

Article source: http://rss.cnn.com/~r/rss/edition_business/~3/MNAPuORtfYg/index.html