Nicolas G. Hayek 1928–2010
Press Release
Biel/Bienne, 28 June 2010 - With deep sadness and regret we inform you that Mr. Nicolas G. Hayek, Chairman and Delegate of the Board of Directors of The Swatch Group Ltd. unexpectedly passed away today due to heart failure during work at his beloved Swatch Group.
Mr. Nicolas G. Hayek's greatest merit was his enormous contribution to the saving of the Swiss watch industry and the foundation and the commercial development of the Swatch Group. Mr. Nicolas G. Hayek's extraordinary vision enabled him to realize and ensure the sustainability of a strong watchmaking enterprise with high Swiss added value. He is rightly recognized as a leading entrepreneur in this country.
With the right personnel decisions, Mr. Nicolas G. Hayek also ensured that his ideas and beliefs will live on and that continuity is guaranteed in regard of shareholders, Board of Directors and the Group Management Board.
Related news
Proposed appointment of Andreas Rickenbacher to the Board of Directors
Swatch Group will propose the appointment of Mr. Andreas Rickenbacher as a new member of its Board of Directors at the next Annual General Meeting, which takes place on May 12, 2026. This proposal is in line with the Group's desire to strengthen its governance and benefit from additional expertise within its Board of Directors. Andreas…
Key Figures 2025
Net sales of CHF 6 280 million, -1.3% at constant exchange rates compared to the previous year (-5.9% at current rates)1). Negative currency impacts of CHF 308 million. Excellent performance in the second half of the year with sales growth of 4.7% at constant exchange rates. Strong acceleration in the fourth quarter with sales up 7.2% worldwide…
Half-Year Report 2025
Net sales of CHF 3 059 million, -7.1% against the previous year at constant exchange rates and on a comparable basis1) (-10.4% at current rates). Negative currency impact of CHF -113 million. Operating profit of CHF 68 million (previous year: CHF 204 million). Operating margin of 2.2% (previous year: 5.9%). Net income of CHF 17 million (…