LVMH Jewellery Head Francesco Trapani To Step Down
Having successfully led the integration of Bulgari within LVMH, Francesco Trapani has decided to relinquish his operational duties as head of the watches and jewellery division from March 1, 2014. He becomes an adviser to the chairman, on matters relating to the group’s jewellery operations, and remains a director on the board of LVMH.
The group’s jewellery maisons – Bulgari, Chaumet, Fred and De Beers – will now report to Toni Belloni, LVMH group managing director.
LVMH chief executive Bernard Arnault commented: “Over many years Francesco Trapani has progressively built Bulgari into a brand respected around the world for its refinement and appeal. Over the past three years, Francesco has successfully completed the integration of this prestigious brand within our group. I am delighted that I will continue to be able to draw on his wisdom and advice in the years ahead.”
Jean-Claude Biver, currently president of Hublot, will also take responsibility for the other watch brands TAG Heuer and Zenith.
Arnault continued, “I am also delighted that Jean-Claude Biver has agreed to lead our watchmaking activities. His experience and achievement within this sector speak for themselves, best illustrated by the remarkable success of Hublot. I am convinced that his entrepreneurial talent and creativity will add significant momentum to our other brands in the sector.”