Francesco Trapani has decided to leave his position as head of the watchesand jewelry division at LVMH, after successfully managing to integrate Bulgari within the group. He will effectively step down from March 1 and take on a new role as adviser to the group's chairman.
Trapani, who is the great-grandson of the founder of Bulgari, first joined LVMH in 2011 after the group obtained Bulgari, where he was formerly Chief Executive Officer. He wishes to take on a less dynamic role, according to WWD, but will remain a director on the board of LVMH in addition to his new position.
Bernard Arnault, chairman at LVMH 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.”
The group's jewelry division, which includes the brands Chaumet, Fred, Bulgari and De Beers will now be under the group's managing director Antonio Belloni. Current president of Hublot, Jean-Claude Biver will now be in control for the group's other watch brands; Tag Heuer and Zenith.
“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,” added Arnault.