A change at the head of Zenith

Mr Aldo Magada is leaving his position as CEO and President of Zenith Mr Jean-Claude Biver, President of the Watches Division of the LVMH group, is taking over interim management of Zenith Mr Jean-Claude Biver: “I am writing to inform you of the departure of Aldo Magada from his position as CEO & President of Zenith. This decision was taken by mutual agreement and I would like to express my sincere thanks to Mr. Magada for his contribution as well as wishing him every success for the next stage of his professional career. I am personally taking over interim management. I want to be more involved and to create greater synergies between the group’s three brands. I’ll be working with the teams to give this brand the lustre it deserves.” Le Locle, January 3rd 2017