Middlebury, Connecticut, United States
Timex Group B.V. announced that Hans-Kristian Hoejsgaard has been appointed President and Chief Executive Officer, effective February 11, 2008. Mr. Hoejsgaard was formerly President and Chief Executive Officer of Georg Jensen, a leading luxury goods company.
Mr. Hoejsgaard has extensive international management experience. Prior to joining Georg Jensen, Mr. Hoejsgaard was President of Paris based Lancaster Group Worldwide, a division of Coty Inc. Earlier in his career, he was Managing Director-Asia Pacific, based in Hong Kong, for Guerlain, a division of LVMH Moet Hennessey Louis Vuitton, and held senior management positions with Joseph E. Seagram & Sons in Rome, Hong Kong and Bangkok. He holds a B.A. in Economics and Strategic Planning from Southern Denmark Business School and has undertaken executive education at Harvard Business School, INSEAD and Wharton.
Anette Olsen, Chairman of Timex Group, said, "We are very pleased Mr. Hoejsgaard will be joining our company, and under his leadership I look forward to growth and success in all segments of the watch business."
Mr. Hoejsgaard said, "It is indeed a pleasure and a privilege to have been entrusted with leading one of the world's largest watch companies, built on strong global brands and leading technologies. I look forward to working with the shareholders and the people at Timex Group to continue their success and to take the company forward."
Timex Group is one of the top watch companies in the world, and possibly the largest by unit volume. Its revenues are approximately US $700 million, with over 6,000 employees. Timex was founded in 1854, and has been designing, manufacturing and selling innovative timepieces for more than 150 years. Timex Group companies manufacture and sell watches under numerous brands in many different market segments, including Timex, TX, Timex Ironman, Timex Expedition, Valentino, Salvatore Ferragamo, Vincent Berard, Versace, Versus, Guess, Guess Collection, Marc Ecko and Nautica.
Source: Business Wire (Business Wire India)