LVMH Watch and Jewelry Head Steps Down
January 23, 14
(IDEX Online News) – Francesco Trapani, president of Watches and Jewelry at LVMH, has announced that the will be stepping down from his role as of March 1. Trapani led the integration of his family’s firm, Bulgari, within LVMH.
Jewelry by Bulgari
He will become an advisor to Group chairman Bernard Arnault, on matters relating to its jewelry operations, and remains a director on the board of LVMH Moët Hennessy Louis Vuitton.
The group’s jewelry Maisons will now report to Antonio Belloni, LVMH Group managing director. Jean-Claude Biver, currently president of Hublot, will also take responsibility for the other watch brands TAG Heuer and Zenith.
“Over many years Francesco Trapani has progressively built Bulgari into a brand respected around the world for its refinement and appeal,” said Arnault. “Over the past three years, Francesco has successfully completed the integration of this prestigious brand within our group. I am delighted that I will continue to be able to draw on his wisdom and advice in the years ahead.”
LVMH's Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers Diamond Jewellers Ltd.