LVMH has made a raft of appointments inside the LVMH Watches and Jewelry Division, efficient since January 1st 2024.
Frédéric Arnault, who joined Tag Heuer in 2017, and have become CEO of Tag Heuer in 2020, is appointed CEO of LVMH Watches, in control of Hublot, Tag Heuer and Zenith.
He’ll report back to Stéphane Bianchi, CEO of LVMH Watches and Jewellery Division. After efficiently driving the transformation and acceleration of Tag Heuer over the previous six years, his new position inside the Watches and Jewellery Division will guarantee “a powerful and sustainable progress” for the watch maisons and reinforce LVMH’s position inside the watchmaking business.
In the meantime, Julien Tornare, CEO of Zenith since 2017, has been appointed as CEO of Tag Heuer. In line with LVMH, his expertise inside the group and his background within the watchmaking business will likely be key in persevering with the present growth of the maison and maximising the worth of its iconic ranges.
Moreover, Benoit de Clerck has succeeded Julien Tornare as CEO of Zenith. With 25 years of expertise within the watchmaking business inside the Richemont Group, Clerck has led world gross sales within the aggressive luxurious items markets throughout 4 continents.
Tornare, Clerck and Ricardo Guadalupe, CEO of Hublot, will report back to Arnault.
Bianchi, CEO of LVMH Watches and Jewelry Division, stated: “Frédéric has achieved an incredible job at Tag Heuer over the previous six years. His distinctive and disruptive imaginative and prescient for the watchmaking business led to a spectacular transformation for Tag Heuer, which recovered its credentials in file time as the posh watch model pushed by excessive efficiency. I’m extraordinarily happy to have Frederic be part of me inside the LVMH Watches and Jewelry Division to supervise our 3 Watch Maisons, and desirous to see what his distinctive insights and imaginative and prescient will deliver to gasoline extra and sustainable progress for them.
“It’s an actual satisfaction and a terrific pleasure for me to see Julien taking the helm of Tag Heuer. This transfer is a tribute to the work achieved by Julien over the previous six years at Zenith, efficiently driving and orchestrating the turnaround and repositioning of the Maison. His appointment can also be a mark of confidence that Julien’s entrepreneurial spirit, distinctive management expertise and powerful worldwide and watchmaking background will likely be decisive in pursuing the transformation and elevation of Tag Heuer.”
She added: “I’m additionally delighted to welcome Benoit inside the LVMH Watches and Jewelry Division, as the brand new CEO of Zenith. Bringing a strong watchmaking experience, along with a deep data of worldwide enterprise growth, Benoit will undoubtedly pursue the good work undertaken by Julien over the earlier years and form the way forward for Swiss watchmaking with Zenith.”