O comunicado oficial:
At his today's meeting, the Board of Directors of The Swatch Group Ltd., Mrs. Nayla Hayek, until now Vice-President, has been unanimously appointed Chairwoman of the Board of Directors.
Mrs. Nayla Hayek has been prepared towards this function during the past years and has a long-time experience within the Board of Directors. In addition, she was sucessfully active in various operational functions during the last years.
The Board of Directors has honored the immeasurable merits of Nicolas G. Hayek and will keep a grateful memory of him as founder The Swatch Group Ltd. and visionary pioneer.
Nayla Hayek, Swiss citizen, Dr h.c. European University Montreux, Montreux, has been on the Board of Directors of the Swatch Group since 1995 (Vice-Chairman since 2010). As a member of the World Arabian Horse Organization (WAHO), and as international Arabian horse judge, Mrs Hayek’s top-level contacts contribute to many of the business and promotional activities of the Swatch Group and she is responsible for the local organization in Dubai (Swatch Group Middle East) on site, Swatch Group India and the brand Balmain. In the middle of 2007, her advisory mandate has been converted into an employment agreement. Following the signature of collaboration agreements with Tiffany & Co., New York, Mrs Hayek has taken over the operational leadership of the new business entity Tiffany Watches, which was incorporated on 22 January 2008 (Tiffany Watch Co. Ltd). As Board member of the Hayek Group, she is responsible for Hayek Immobilien AG. Mrs Hayek is member of the Board of Directors of Rivoli Investments L.L.C., Dubai, where she represents the interests of Swatch Group, as well as member of the Board of Directors of Benelos Clean Power Holding Ltd. She holds no official function or political office.