TAG Heuer Stéphane Linder leaves
Stéphane Linder has resigned as Chairman and CEO of TAG Heuer. He is replaced ad interim by Jean-Claude Biver.
Stéphane Linder took over the management of TAG Heuer in July 2013, succeeding Jean-Christophe Babin, who moved to Bulgari. The man from Neuchâtel joined TAG Heuer in 1993, taking on various responsibilities, in particular in R&D and product development, notably setting up the high-end watchmaking division, as well as responsibility for sales in North America.
The departure of Stéphane Linder, who "has decided today to resign from his role of President & CEO of TAG Heuer to pursue other professional endeavours," according to a press release issued by TAG Heuer, comes several months after the brand announced redundancies and short-time work, in Switzerland and at La Chaux-de-Fonds.
TAG Heuer, which belongs to the LVMH group, had also previously announced that it was abandoning production of its new in-house movement and repositioning its watch production in the 1,500 - 4,000 Swiss franc price range targeted by Jean-Claude Biver, who is reponsible for the watchmaking segment of LVMH.
The name of Stéphane Linder's successor has not been communicated.
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