The watch industry reopens its manager transfer window

The watch industry reopens its manager transfer window
The watch industry reopens its manager transfer window

Published on May 24, 2024 at 6:42 p.m. / Modified on May 25, 2024 at 08:28.

Swiss watchmaking is a special case in many respects. From a governance point of view, this is a textbook case. And it may well be that a milestone has been reached with the appointment a week ago of Nicolas Bos to the general management of Geneva-based Richemont. He has headed Van Cleef & Arpels since 2013 and will take up his new role on June 1. A promotion which will generate a whole series of ring roads within the luxury group’s brands. We expect a nice sequence of musical chairs, but for the moment everything is still reduced to conjectures, and Richemont will probably not communicate officially (the group does not communicate at brand level).

In the disorder, it will be a question of appointing a new boss at Van Cleef & Arpels, a seat left vacant by the rise of Nicolas Bos to the “re-established post of CEO” (this is the exact term used in the press release). It is impossible to rationally set the ideal profile of the candidate. On the other hand, what is certain is that the demands are high and that the understanding with Nicolas Bos must be complete: he knows the house inside out and Van Cleef & Arpels is one of Richemont’s leading brands, second behind Cartier. The person who succeeds him will undoubtedly be appointed internally, a path largely favored by the group. Which means that the replacement will itself have to be replaced.

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