As the Swiss watch industry is confronting a serious emergency, Swatch Group declares significant changes in the Executive Group Management Board and the Extended Group Management Board and arrangements to the administration of the Longines, Rado, Union, Tissot, Certina, and Hamilton watch brands.
Raynald Aeschlimann, President and CEO of Omega and individual from the Extended Group Management Board, has been delegated to the Executive Group Management Board.
At brand level, two industry and Swatch Group veterans, the CEOs of two industry goliaths, Longines, Walter von Känel (78) and Tissot, François Thiébaud, will be supplanted by Sylvain Dolla (right now CEO of Hamilton) and Matthias Breschan (presently CEO of Rado). Dolla has additionally been named to the Extended Group Management Board.
Walter von Känel will resign and has been chosen Honorary Chairman of Longines and will remain Chairman of the Longines Foundation. François Thiébaud has been delegated Chairman of the Board of Directors of Tissot.
The new CEO of Hamilton will be Vivian Stauffer, the brand’s Head of Sales. Adrian Bosshard, the current CEO of Certina and Union, is taking over as head of Rado. At Certina, he will be prevailing by Marc Aellen, who has been VP Sales of Jaquet Droz. Franz Linder, notwithstanding his capacity as CEO of Mido, will likewise expect the administration of Union.
These changes will be successful as of July 1, 2020.
For more data, if it’s not too much trouble, visit swatchgroup.com