Companies Manage With No CEO
Watchmaker Richemont announced CEO Richard Lepeu won’t have a successor when he steps down in 2017
Are chief executives necessary?
Swiss watch-and-jewelry maker Cie. Financière Richemont SA recently decided its answer, announcing last month that CEO Richard Lepeu won’t have a successor when he steps down in 2017.
Richemont joins a rare group of companies operating without a single top boss. DPR Construction and software maker Peakon rely on committees and consensus to govern themselves, structures that their leaders say...