Swatch Shakes Up Executive Committee as Luxury Slowdown Persists
- Peter Steiger, a 35-year Swatch Group veteran, to retire
- Heads of ETA and Tissot brand join executive management
Tissot watches.
Photographer: Michele Limina/BloombergSwatch Group AG is shaking up its executive management committee just months after the watch and jewelery maker faced investor calls for improved corporate governance.
Chief Controlling Officer Peter Steiger, a 35-year veteran of the Biel, Switzerland-based company, will retire and leave the group, according to a statement Thursday.