Changes in the Executive Management Board
The Executive Group Management Board of Swatch Group will welcome two new members. Mr. Damiano Casafina, CEO of the production company ETA, and Mr. Sylvain Dolla, CEO of the Tissot brand and member of the Group's Extended Group Management Board, were elected to the Executive Group Management Board at the last meeting of the Swatch Group Board of Directors.
After 35 years of loyal and distinguished service to Swatch Group, Mr. Peter Steiger, Chief Controlling Officer and member of the Group's Executive Group Management Board, decided to take his well-deserved retirement. Swatch Group expresses its heartfelt thanks for his outstanding commitment, enthusiasm and dynamism during all those years. Mr. Steiger will continue to take on individual mandates for the Group.
In addition, three new members will join the Extended Group Management Board. They are Mr. Roland von Keith, CEO of the German manufacture Glashütte Original, Mr. Stephen De Lucchi, Country Manager of Swatch Group Hong Kong SAR and Swatch Group Macao SAR, and Mr. Alain Villard, CEO of the Swatch brand.
These changes will take effect on September 1, 2024.
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 (…