In news just announced overnight, Jean-Claude Biver, president of the LVMH watch division (TAG Heuer, Hublot, Zenith) for the past eight years, has stepped down from his operational duties. The 69-year-old Biver, who has been responsible for re-invigorating the LVMH watch stable, will likely stay on in an advisory capacity as a non-executive president.
The news comes after years of on-and-off health issues for the outspoken watch executive who will likely take more time to tend to his health and recovery. No formal announcement has been made by the luxury powerhouse as to who will take over the role. |
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