t
| TIDM | WOSG |
| Share Price | 752.50p-1.51% |
| Market Cap | £1.80bn |
| Date | 11 Apr 2022 |
| Time | 07:00:09 |
| Category | Board changes |
| ID | 8741H |
Watches of Switzerland Group PLC
Appointment of Non-Executive Director to the Board
and senior management team appointments
The Watches of Switzerland Group PLC (the "Group" or the "Company") is pleased to announce the appointment of Chabi Nouri to the Board as an independent Non-Executive Director and a member of the Company's ESG Committee with effect from 1 May 2022.
Chabi has over 20 years' experience in leading luxury goods companies. Previously President and Chief Executive Officer of Swiss luxury watch and jeweller, Piaget, she has held various senior roles in the luxury sector spanning management, retail operations and marketing, including Global Head of Jewellery, and Head of Retail Operations at Cartier. After seven years with Piaget, Chabi took on a strategic advisory role with the Richemont Group, reporting to its CEO and is currently a Private Equity Partner of Mirabaud and Co-fund manager of the Mirabaud Lifestyle franchise.
The Group is also pleased to announce the following appointments as part of its senior management team: Craig Bolton, currently Executive Director, UK, has been appointed President, Watches of Switzerland Group, UK and Europe. David Hurley, currently the Executive Vice President, US, has been appointed President, Watches of Switzerland Group, North America. In addition, David has been appointed as Deputy CEO of the Group, reflecting the importance of the US market to the growth plans of the Group.
Ian Carter, Chairman, said: "On behalf of the Board, I would like to welcome Chabi to the Company. Chabi joins us with a wealth of experience and relevant expertise, and we look forward to working with her."
Brian Duffy, Chief Executive Officer, said: "Chabi has outstanding luxury retail experience, particularly in the watch and jewellery sector, and we are delighted to welcome someone of her pedigree and expertise to the Board. I am certain we will benefit greatly from her knowledge and perspective.
"I would like to congratulate David and Craig on their respective appointments. Our management structure continues to develop in response to and in anticipation of our business development. I look forward to working with them as we continue to execute our Long Range Plan."
The Group confirms that there is no further information to be disclosed under the requirements of Listing Rule 9.6.13R.
The Watches of Switzerland Group
Bill Floydd, Chief Financial Officer +44 (0) 207 317 4600
Headland
Lucy Legh / Rob Walker / Joanna Clark +44 (0) 20 3805 4822
The Watches of Switzerland Group is the UK's largest luxury watch retailer, operating in both the UK and US, comprising five prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US) and Betteridge (US), with a complementary jewellery offering.
As at 30 January 2022, the Watches of Switzerland Group has 171 stores across the UK and US including 51 dedicated mono-brand boutiques in partnership with Rolex, TAG Heuer, Breitling, OMEGA, Tudor, Audemars Piguet, Grand Seiko, Bvlgari and FOPE and has a leading presence in Heathrow Airport with representation in Terminals 2, 3, 4 and 5 as well as seven retail websites.
The Watches of Switzerland Group is proud to be the UK's largest retailer for Rolex, Cartier, OMEGA, TAG Heuer and Breitling watches.
Mappin & Webb holds Royal warrants as goldsmiths, silversmiths and jeweller to Her Majesty The Queen and silversmiths to His Royal Highness The Prince of Wales. The Mappin & Webb master jeweller has been Crown Jeweller, custodian of the Crown Jewels of Her Majesty The Queen since 2012.
https://www.thewosgroupplc.com