5/1/2023 0 Comments Jean frederic dufourUpdate 15 April 2014: Rolex has officially confirmed this news with a press release. The secretive firm has not publicly announced Dufour’s appointment, but it has been confirmed by Biver during his appearance on a Swiss television programme, as reported by Le Temps. In fact, Marini was involved with Rolex from birth – his father ran the Rolex distributor in Italy for several decades in the late twentieth century.ĭufour, in contrast, is a surprise outside choice. The 45 year old took over the LVMH subsidiary in 2009 and revived the struggling brand by repositioning it at a more affordable price point. Formerly with Blancpain and Chopard before taking the top job at Zenith, Dufour is one of the protégés of Jean-Claude Biver, who now runs the LVMH watch division. Coincidentally, Philippe Peverelli, the CEO of Tudor since 2009, also once worked for Biver at Blancpain. At that same time, Rolex also publicly denied reports that it had lost a large sum of money with fraudster Bernard Madoff.īruno Meier, then CFO of Rolex, succeeded Heiniger, before handing the baton to Gian Riccardo Marini in 2011. Marini, like his predecessors, was a Rolex insider, having run the company’s Italian subsidiary for over 10 years. That was when Patrick Heiniger, who inherited the title from his father and reigned at Rolex for 16 years, abruptly departed Rolex “to pursue personal interests”. He will replace Gian Riccardo Marini as head of the largest luxury watch brand in the world, which produced some 800,000 watches in 2013.įor Rolex, a company regarded as a paragon of stability, Dufour will be the fourth CEO since 2008. Since becoming the CEO of the Swiss watch manufacturer Zenith in late 2011, Jean-Frédéric Dufour has overseen a dramatic shift at the LVMH-owned company. “They overlooked the intermediate price opportunity in China,” Solca said, adding that Rolex’s Tudor brand is “only now catching up” after Swatch’s Longines has built a “major position there.”īy Thomas Mulier, with assistance from Andrew Roberts in Paris Editors: Robert Valpuesta, David Risser, Celeste Perri.Facebook Linkedin Twitter Pinterest Weibo Mail InstagramĪccording to Swiss newspaper Le Temps Rolex employees were informed on Monday morning that Jean-Frédéric Dufour will take over as Director-General (the equivalent of Chief Executive Officer) of Rolex, departing the same role at Zenith. Bruno Meier, formerly Rolex’s chief financial officer, succeeded Heiniger, who died in 2013. We will bring you more information as it becomes available. Rolex was run by members of the Heiniger family for almost half a century until December 2008, when Patrick Heiniger resigned. Dufour will become the sixth CEO of Rolex, and the fourth since 2008. Tags: Jean-Frdric Dufour Rolex, CHANEL, Chopard, Patek Philippe & Tudor Drop Out Of Baselworld, Start New Show With FHH Rolex Confirms Zenith CEO Jean. Jean-Frederic Dufour is Chief Executive Officer at Rolex Group. and family rank 60th on the very same list (net worth 15.1 billion). “I think there is a conflict within the organization between the modernizers, who want to see faster development and more innovation, and more traditionalists, who want to see a more steady-as-she-goes approach and blame overexposure to greater China for current woes,” Cox said. Jean Frederic Dufour was confirmed as the new CEO of Rolex - its third since 2008. That would make Rolex the world’s single-largest watch brand by revenue, he said. The company probably has annual sales of about 4.5 billion Swiss francs ($5.1 billion), compared with 8.5 billion francs at Swatch, which owns brands including Omega and Harry Winston, Jon Cox, an analyst at Kepler Cheuvreux, estimates. Select from premium Jean Frédéric Dufour of the highest quality. Swiss watch exports rose 1.9 percent in 2013, the slowest rate since the financial crisis.Ĭlosely held Rolex doesn’t publish financial information. Find Jean Frédéric Dufour stock photos and editorial news pictures from Getty Images. The industry’s growth slowed last year as China clamped down on bribery and extravagant shows of wealth among government officials.
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