As reported yesterday, Jean-Claude Biver is taking a step back at LVMH, moving out of his Operations role. Instead he will be taking up a seat at the table as non-executive chairman.
It’s now been confirmed that his role, Head of LVMH’s Watch Division, will be taken over by Stephane Bianchi. Mr Bianchi is the Chief Exec over at Yves Rocher, a French Cosmetics company. He is the CEO of Tag Heuer and oversee Zenith & Hublot. Frederic Arnault, the son of LVMH’s Bernard Arnault, was appointed strategy and digital director at TAG Heuer.
Source: Reuters
Read the full update here
Wait, what? I’m trying to understand or say something clever, but I can’t. With all due respect, was there nobody available with experience in the watch industry? I mean love or hate him, Biver isn’t just your average Watch Industry CEO I’d think..
Can’t be easy following up on Biver’s tour de force, that’s for sure..