Business News Frédéric Arnault Named CEO Of TAG Heuer
Luxury bunch LVMH has recently declared that Frédéric Arnault will take over as CEO of TAG Heuer, successful July 1, 2020. He has been at the company for around three years, most as of late running procedure and computerized, with a specific spotlight on the Connected Watch, which is unmistakably a need for the brand.
If the name Arnault sounds natural, that is on the grounds that Frédéric’s dad, Bernard Arnault, is the executive and CEO of LVMH, and both of Frédéric’s siblings likewise have noticeable situations in the gathering (Alexandre is the CEO of Rimowa and Antoine is the CEO of Berluti and the administrator of Loro Piana). However, don’t accept that Arnault’s arrangement to this new position is one that was unavoidable or inappropriate. He’s a veteran of both Facebook and the counseling firm McKinsey, and has worked intimately with the brand’s present CEO, Stéphane Bianchi, setting another, more forward-looking methodology for the brand.
Frédéric Arnault at the dispatch of the most recent TAG Heuer Connected Watch. (Photograph: Courtesy LVMH)
Along with Arnault’s advancement comes another move. Bianchi has been raised from being the CEO of TAG Heuer and the top of LVMH’s watch division ( a post he took up in September 2018 ) to being the head of LVMH Watches and Jewelry. That implies that, while he is done guiding the everyday activities at TAG Heuer, he is liable for administering the adornments brands Chaumet and FRED, as well as TAG Heuer, Hublot and Zenith. Bulgari will keep on working under its own construction, with CEO Jean-Christophe Babin answering to Toni Belloni, LVMH Group Managing Director. This is likewise all compelling July 1, 2020.
It will be very fascinating to watch what Arnault does at TAG Heuer. Having a particularly youthful leader is abnormal in the customarily traditionalist watch industry, and Arnault has shown that he’s unafraid to break with convention and attempt new things.