After having changed leaders five times in a decade, the LVMH Group’s watchmaker has appointed this luxury expert and TAG Heuer insider to lead the company. She will be tasked with pursuing TAG Heuer’s ambition to eventually join the club of billion-euro brands, despite a more challenging environment…
TAG Heuer sets the record straight…
Stéphane Bianchi, Deputy CEO of the LVMH Group and CEO of LVMH Watches & Jewelry, has just announced the appointment, effective May 1, of Béatrice Goasglas as CEO of the watchmaker, the first woman to take the helm of the company following a succession of five men (including Frédéric Arnault) at its helm since 2013.
“In her new role, she will continue the House’s strategy of elevation and innovation initiated several years ago,” LVMH announced. “Drawing on her deep knowledge of the House, its history, and its talent pool, she will also be able to leverage the brand’s iconic collections, as well as its strategic partnership with Formula 1.”
Allegations of psychological and sexual harassment
She will be tasked with both steering the company through a challenging climate for the sector and turning the page at TAG Heuer, which was shaken by the departure in mid-January of its previous CEO, Antoine Pin, just 18 months after his appointment. While Pin told BFM Business that his resignation was the result of “strategic differences,” the media outlet reported, citing internal sources, allegations of psychological and sexual harassment by at least two employees. Reports submitted via the group’s internal whistleblowing system reportedly led to the opening of an investigation entrusted to an independent external firm.
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Read more > TAG Heuer: Antoine Pin Steps Down as CEO
Featured Image: © TAG Heuer
