Frédéric Arnault appointed CEO of TAG Heuer - Stéphane Bianchi to head the LVMH Watches and Jewelry Division
LVMH is delighted to announce the appointment of Frédéric Arnault to the role of CEO of TAG Heuer from 1 July onwards. His position as head of the company will see him play a role in supporting innovation and accelerating the development of TAG Heuer, as he has done with the successful launch of the latest Connected watch after piloting the entire design phase.
A pioneer of the watchmaking industry since 1860, the Maison will continue to maximise the value of its iconic ranges Carrera, Monaco and Aquaracer, all the while cementing its avant-garde status in the industry with its third generation of smartwatches.
Stéphane Bianchi will assume the role of CEO of the Watches and Jewelry Division from 1 July onwards. This will see him take the reins of jewelry Maisons Chaumet and FRED, in addition to TAG Heuer, Hublot and Zenith. Jean-Marc Mansvelt, Managing Director of Chaumet, and Charles Leung, Managing Director of FRED will report to Stéphane Bianchi in his new role. Jean-Christophe Babin, CEO of Bulgari, will continue to report to Toni Belloni, LVMH Group Managing Director.
"It fills me with pride to see Frédéric succeed me at the helm of TAG Heuer after the key role he has played in its strategic repositioning. He has carved out a place for digital at the heart of the company's aspirations, restored real momentum to the collections, all the while skilfully managing the development and launch of the hugely successful third Connected watch generation. Frédéric is passionate about watchmaking, and I am convinced that he and his management team are best placed to lead this wonderful Maison to the heights of achievement it deserves," explains Stéphane Bianchi.
"Since his arrival at LVMH, Stéphane has given the Watchmaking Division a new lease of life, strengthening the fundamental principles of each of the brands and exploring promising new avenues. I am certain that he will continue this great work and that he will apply all of his talents and his determination to the development of the Maisons Chaumet and FRED. Frédéric's appointment comes as an affirmation of his achievements at TAG Heuer, where he succeeded in combining innovation, heritage and savoir-faire within this historic brand. These two appointments demonstrate our full confidence in the growth potential of these brands. I wish them both every success going forward," says Bernard Arnault, Chairman and Chief Executive officer.
Thanks.
