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Recap of Key Watch Industry Leadership Changes in Past 12-Months

May 5, 2014

In the past 12-months there has been an unprecedented amount of top leadership changes within the watch industry, both in Switzerland and the United States. We have summarized the major changes and repositioning that has been happening over the past year up until last Friday.

June 1, 2013 Stéphane Linder, who has been with TAG Heuer for twenty years, replaced longtime CEO, Jean-Christophe Babin who was appointed as CEO of Bulgari. TAG Heuer and Bulgari are owned by LVMH.

July 1, 2013 longtime Jaeger-LeCoultre CEO, Jerome Lambert, was appointed as CEO of Montblanc, replacing Lutz Bethge. Daniel Riedo, formerly the Industrial Director at Jaeger-LeCoultre, replaced Lambert. Montblanc and Jaeger-LeCoultre are both owned by the Richemont group.

February 14th, 2014 longtime President and CEO at Montblanc North America, Jan-Patrick Schmitz, was replaced by Mike Giannattasio, who was previously Vice President of Retail for Montblanc North America.

March 1, 2014 well-known industry veteran, Jean-Claude Biver, who was most recently the CEO of Hublot, replaced Francesco Trapani as the CEO of the entire LVMH watch division.

March 31, 2014 Vincente Brun replaced longtime Vacheron Constantin North American President Hugues de Pins. Hugues de Pins is now Vice President of Marketing at Cartier North America. Cartier and Vacheron Constantin are both owned by the Richemont Group.

April 25, 2014 Albert Bensoussan, formerly Director of Cartier and Louis Vuitton Watches, is the new CEO of Kering Watches, which consists of Boucheron, Girard-Perregaux, JeanRichard, Pomellato, Dodo and Qeelin.

April 14, 2014 Jean-Frédéric Dufour (pictured), who was most recently the CEO of Zenith watches, was appointed at the CEO of Rolex.

Most recently, on May 2, 2014 industry veteran Aldo Magada was appointed President & CEO of Zenith.


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