Rolex Appoints Brunschwig as Chairman in Quiet Change of Guard - Upsmag - Magazine News

Rolex Appoints Brunschwig as Chairman in Quiet Change of Guard

High Swiss watch model Rolex SA has named Nicolas Brunschwig as chairman, appointing the scion of a Geneva household that runs high-end vogue shops in a little-publicised personnel change.

Brunschwig was appointed to the chairman function of Rolex SA and Rolex Holding SA in August, succeeding Bertrand Gros, the corporate mentioned Thursday, confirming a company registry submitting. The transfer was earlier reported by Swiss newspaper Handelszeitung.

The appointment represents a altering of the guard on the world’s greatest luxurious watch model as Brunschwig is a decade youthful than his predecessor. Rolex, managed by a non-public basis created by founder Hans Wilsdorf, tends to keep away from media consideration, preferring to let its advertising and marketing communicate for the model. The corporate hadn’t publicly introduced the transfer earlier.

Brunschwig has been on Rolex’s board since 2016 and departed the board of the Hans Wilsdorf Basis when he was appointed Rolex chairman.

With annual gross sales of about 8 billion Swiss francs ($8.4 billion), in accordance with Morgan Stanley, Rolex is the largest Swiss luxurious watch maker with a market share near 30 %. Headed by Chief Government Officer Jean-Frederic Dufour, the corporate produces about 1 million watches a yr, together with the well-known Daytona, Submariner and Datejust fashions.

By Andy Hoffman

Be taught extra:

Rolex Raises Costs in Europe for Second Time This 12 months

Rolex SA raised retail costs for its watches in Europe for the second time this yr as a consequence of foreign money fluctuations together with the robust US greenback.

Click to rate this post!
[Total: 0 Average: 0]
Leave a Comment

GIPHY App Key not set. Please check settings