Business News: Stéphane Bianchi Appointed To Succeed Jean-Claude Biver As Head Of LVMH Watches
LVMH has tapped Stéphane Bianchi, the previous CEO of the beautifiers firm Yves Rocher, to succeed Jean-Claude Biver as top of LVMH’s fake watch prices division, the company declared today. Biver affirmed yesterday to Reuters and other media sources, including HODINKEE , that he was venturing down from operational obligations as leader of the LVMH fake watch prices division and CEO of TAG Heuer, for wellbeing reasons. Biver, who turned 69 yesterday, will stay as non-chief administrator of the division.
Bianchi will become CEO of TAG Heuer and regulate the tasks of Hublot and Zenith, the other two brands in the fake watch prices division, successful November 1.
LVMH has additionally elevated Frédéric Arnault to the situation of head of technique and computerized chief at TAG Heuer. Arnault, 23, was named TAG’s head of associated innovation a year ago. He is the child of LVMH Chairman and CEO Bernard Arnault.
“I might want to acclaim Jean-Claude Biver for the conclusive initiative that he has appeared in his part at the top of the watchmaking division,” Bernard Arnault said in an articulation. “Since the reconciliation of Hublot inside LVMH, he has raised our watchmaking division to a-list specialized level of the greatest request and has essentially quickened its commercial development. I’m pleased that the Group will keep on profiting by Jean-Claude’s recommendation, and I am certain that his enterprising soul will carry numerous inventive groundbreaking plans to the universe of watchmaking.”
“After 45 years in the fake watch prices industry,” Biver said, “I might want to zero in more explicitly on prompting and sharing my experience. I’m appreciative to the LVMH Group for concurring me this honor. Stéphane and Frédéric have my full help for the future.”
Bianchi, 53, burned through the vast majority of his vocation with the Yves Rocher Group. He was CEO from 1998 to 2015. Most as of late he was on the leading body of a privately-run company, the Maus Group.