Change in the Executive Management Board
After 55 years of loyal service to Swatch Group, Mr. Mougahed Darwish has decided to take a well-deserved retirement. The member of the Swiss Academy of Engineering Sciences and doctor in physics from the Federal Institute of Technology in Lausanne (EPFL) will step down from the Executive Management Board on April 1, 2022. Swatch Group thanks him warmly for his admirable commitment over the years. His position in the Executive Management Board will not be filled.
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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…
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