Richemont Adds Fiona Druckenmiller To Its Board

Richemont recently announced several changes to its board of directors, including the addition of Fiona Druckenmiller, a vintage jewelry dealer, former Wall Street financier and philanthropist.

Druckenmiller is best-known in the jewelry world as founder of FD Gallery in New York, which specializes in preowned vintage and period 20^th century jewels. She previously worked in the finance industry, most notably as a portfolio manager for the Dreyfus Corporation. She also co-founded the Druckenmiller Foundation with her husband, billionaire investor, Stanley Druckenmiller, which supports medical research, education, the alleviation of poverty and environmental causes. She sits on the Board of Trustees of New York University and the NYU Langone Medical Center and is the vice chair of the Board of the American Museum of Natural History.

“I am excited to join the board as I have immense admiration for Richemont’s leadership and am confident in their long-term strategic plan as well as their exceptional portfolio of brands,” Druckenmiller told me in an email.

Her appointment as a non-executive director is subject to the approval of shareholders.

Johann Rupert, chairman of Richemont, lauded Druckenmiller’s expertise in jewelry and finance as well as work for social causes.

“She brings her financial acumen gained as an equity portfolio manager on Wall Street and also strong business acumen and jewelry expertise acquired through her venture, the FD Gallery,” Rupert said in a statement. “Her relentless search for beauty and understanding of the American clientele, an increasingly important customer clientele for the Group, combined with her empathy for social and environmental causes will be of great value to Richemont.”

In other board member changes, Guillaume Pictet and Jean-Blaise Eckert, non-executive directors of Richemont since 2010 and 2013, will step down at the end of the 2024 financial year, on March 31, 2004.

Clay Brendish and Maria Ramos will step down from the board at the end of the 2025 financial year ending on March 31, 2025.

Richemont in its statement said it considered succession planning “in order to continue addressing age, tenure, skills and geographic representation on the board,” while retaining the expertise of long-standing board members.