Francesco Trapani, former president of Bulgari, is stepping down as head of LVMH’s Watches and Jewelry division.
He will become an advisor to group chairman Bernard Arnault, and remain a member of the LVMH Moët Hennessy Louis Vuitton board. He has headed the division since 2011.
The company’s jewelry business—Bulgari, Chaumet, Fred, and De Beers—will now report to LVMH group managing director Antonio Belloni.
In addition, Jean-Claude Biver, currently president of Hublot, will take responsibility for watch brands TAG Heuer and Zenith.
“Over the past three years, Francesco has successfully completed the integration of this prestigious brand within our group,” said Arnault in a statement. “I am delighted that I will continue to be able to draw on his wisdom and advice in the years ahead. I am also delighted that Jean-Claude Biver has agreed to lead our watchmaking activities. His experience and achievement within this sector speak for themselves, best illustrated by the remarkable success of Hublot. I am convinced that his entrepreneurial talent and creativity will add significant momentum to our other brands in the sector.”