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Parmigiani Fleurier - Sandoz Foundation Watchmaking Centre enhances its staffing structures

Parmigiani Fleurier Sandoz Foundation Watchmaking Centre enhances its staffing structures

Sandoz Family Foundation achieve a clear separation between operational and strategic management.

The Watchmaking Centre of the Sandoz Family Foundation is enhancing its staffing structures, both at the strategic and the operational level. The Board of Directors of the holding company consists of Thomas Stenz and Charles Gebhard. Daniel Riedo, former CEO of «Jaeger-LeCoultre», is joining the Board of Directors of Parmigiani Fleurier. Daniel Riedo will also be elected to the Boards of Directors of the other Group companies.

At the operational level, Jean-Noël Lefevre, former Director Production at «Vacheron Constantin», has replaced Jean-Daniel Dubois as CEO of Vaucher Manufacture Fleurier. Mr Dubois has left the company.

Philippe Saint-Martin who, among other positions, was the long-standing CFO of «LVM Les Fabriques du Temps Louis Vuitton» and «Boucledor SA», has taken over the role of CFO at Vaucher Manufacture Fleurier.

Dominique Borgers will join Parmigiani Fleurier as new CFO at the beginning of August 2019, having gained many years of experience as CFO of «Fendi Timepieces» and «La Montre Hermès». The previous CFO, Ezio Galante, will continue to assist the company with special tasks. The Board of Directors of Parmigiani Fleurier would like to express its sincere gratitude to Ezio Galante for his outstanding commitment.

The Sandoz Family Foundation demonstrates the firm intention to meet with contemporary governance requirements and to strengthen its Watchmaking Centre.

The Watchmaking Centre of the Sandoz Family Foundation is comprised of the following companies:
- Parmigiani Fleurier SA
- Vaucher Manufacture Fleurier SA
- SFF Composants Horlogers SA (atokalpa, elwin)
- NewTechCo SA
- Les Artisans Boîtiers SA
- Quadrance & Habillage SA

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One of the more recent success stories of the Swiss watchmaking industry, Parmigiani Fleurier emerged from the close relationship between watchmaker Michel Parmigiani and the Sandoz Family Foundation.

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