Independent watch maker Audemars Piguet is to part ways with CEO Ilaria Resta after two years, industry sources said at Geneva Watch Days annual fair. Family-controlled Audemars Piguet, which celebrates its 150th anniversary this year, is the world’s fourth-biggest luxury watch brand. Ranking after Rolex, Cartier and Omega, it generates more than €2 billion in annual sales, analysts estimate.
Audemars Piguet on Tuesday denied Resta was going to leave. The board does not want the teams to know that it is looking for a replacement. Such news can be destabilizing for the company and its partners.
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