Executive Shake-Up at LVMH Watches Division
Frédéric Arnault, CEO of the LVMH Watches Division, has announced significant leadership changes within Hublot and TAG Heuer, effective September 1, 2024. These appointments are part of a strategic initiative to enhance and elevate the Maisons, supporting the growth trajectory of the LVMH Watches Division.
Ricardo Guadalupe, who has served as CEO of Hublot since 2012, will assume the role of Honorary President. Guadalupe has been instrumental in Hublot’s remarkable growth over the past two decades and is now stepping back from operational management. “Hublot is one of the few watchmaking manufactures that emerged and achieved such success in the 21st century by breaking design codes, communication barriers, and exploring new frontiers in watchmaking,” stated Arnault. He praised Guadalupe for his exceptional contribution, saying, “For 8 years as Managing Director followed by 12 years as CEO, Ricardo truly embodied Hublot and its development particularly through his product vision, deep industry knowledge, and relationships with all business and industrial partners.”
Julien Tornare, currently the CEO of TAG Heuer, will succeed Guadalupe as the CEO of Hublot. Tornare’s extensive experience in the watch industry, including roles at Raymond Weil, Vacheron Constantin, and Zenith, positions him well to lead Hublot into its next chapter. Arnault expressed his confidence in Tornare, noting, “I am delighted about Julien’s arrival at the head of Hublot, which marks the beginning of a new chapter dedicated to the future of our Maison and the strengthening of its unique position among leading watch brands.”
Antoine Pin, who has been the General Manager of Bvlgari Horlogerie since September 2019, will take over as CEO of TAG Heuer. Pin’s career at LVMH has included various management positions across the globe, including roles at TAG Heuer Japan and Korea, Bulgari Greater China and Australia, and Berluti. His extensive international experience and passion for watches are expected to be significant assets in continuing TAG Heuer’s growth. “I am also delighted to welcome Antoine into our Watches Division at TAG Heuer. His extensive international experience, expertise, and well-recognized passion for watches will be major assets in continuing TAG Heuer’s growth and elevation,” added Arnault.
Analyzing the Implications
The executive reshuffle at LVMH Watches Division reflects a strategic vision to leverage the extensive experience and proven leadership of its top executives. By appointing Julien Tornare as CEO of Hublot and Antoine Pin as CEO of TAG Heuer, LVMH aims to infuse fresh perspectives and sustain the momentum of growth and innovation in its watch brands.
Conclusion
This move signals LVMH’s commitment to maintaining its competitive edge in the luxury watch market. By strategically positioning seasoned leaders at the helm of its prominent watch brands, the company is poised to continue its trajectory of growth and market influence. The appointments are expected to foster innovation, reinforce brand identity, and strengthen LVMH’s leadership in the luxury watch industry.
For more information, visit LVMH.com.
