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(Sharecast News) - Watches of Switzerland chairman Dennis Millard stepped down on Thursday, telling the luxury watch chain he would not seek re-election to the board at its forthcoming annual meeting.
The company said it had started searching for a successor. Millard would stay in post until the AGM on October 14, but would be available until December 2020 to facilitate the transition to a new chair. Senior independent director Tea Colaianni has been put forward as interim chair from the close of the AGM.
Millard said: "In the two years I have chaired the company it has seamlessly and efficiently transitioned from private to public ownership, has put in place effective governance structures and has built a strong and supportive shareholder base following the highly successful IPO in June last year."
"The group has continued to grow robustly and navigated the COVID-19 lockdown with great skill, emerging stronger than ever."
Today 09:49
Watches of Switzerland cautiously optimistic after challenging year
(Alliance News) - Watches of Switzerland Group PLC on Thursday backed its financial guidance as it highlighted signs of an upturn in the UK and strong sales in the US.
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