Hayek Turns Over Swatch Group CEO Duties To Son

Nicolas G. Hayek Sr., 73, chief executive and chairman of The Swatch Group, the world's largest watchmaker, is stepping down this year as CEO, though he will remain chairman. Hayek's marketing and business expertise is widely credited with reviving the Swiss watch industry in the 1980s. Succeeding him as CEO of the conglomerate, which owns 18 major watch brands in all major price categories, is his son Nicholas ("Nick") G. Hayek Jr., 47, who has been CEO of Swatch Ltd. and a member of The Swatch Group board. Hayek Sr. made the announcement May 7 at the annual press conference on the Group's financial results in Biel, Switzerland. He has been transferring his CEO chores to his son for 18 months. "He now has over 70% of my duties," Hayek said.

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out