In 2023, Swarovski names new CFO. A new member has been added to the executive team of Swarovski, which means that the team has grown.
The crystal company has announced that David Wielemans would take over as the new chief financial officer of the company beginning in April. Wielemans' appointment was made public by the company.
Wielemans Appointed As New Chief Financial Officer For Swarovski
According to Swarovski, Wielemans will be taking over for Frederik Westring, who will be leaving the firm at the end of June to pursue other interests.
Westring will be leaving the company to pursue other interests. Westring is serving in the role of acting Chief Financial Officer at the moment.
The company has stated that the appointment represents the next stage in its transformation plan as it moves forward into the next phase of its "luxuriating" journey, which is commonly known as its "LUXIgnite" strategy.
This transformation plan is being implemented as the company moves forward into the next phase of its "luxuriating" journey. This proclamation was issued as the company prepares to enter the subsequent stage of its "luxuriating" journey.
In addition to his significant expertise, Wielemans is a senior financial professional who boasts a wealth of knowledge in the luxury goods and retail businesses. Wielemans is an expert in both of these sectors.
In the past, he was employed by Essilor International as the group CFO and by the eyeglasses manufacturing company EssilorLuxottica Group as the co-CFO. Both of these positions were held by him. The Luxottica Group owns Essilor International as a wholly-owned subsidiary.
He completed the last two years of his education in Paris at the Conservatoire National des Arts et Métiers, where he earned a Master of Finance and Accounting degree. During the final two years, he lived in Paris.
Swarovski Undergoes Executive Leadership Transitions As Wielemans Joins As CFO
CEO Alexis Nasard, to whom Wielemans will report, said, "I am thrilled to announce the appointment of this well-rounded and accomplished leader." Wielemans will be reporting to Nasard.
“„The breadth and depth of his expertise aligns perfectly with Swarovski's LUXignite strategy and will be a key asset as we continue our luxuriating journey toward sustainable, profitable growth.- Alexis Nasard
Nasard expressed gratitude to Westring for the efforts he has made for the company over the course of the previous six years and went on to say that "he was a key player in shaping our new strategy, and in strengthening our results."
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Wielemans responded to his appointment by saying, "I am delighted to join Swarovski. The combination of an iconic brand, fashion and retail expertise, and a deep manufacturing savoir-faire makes Swarovski unique.”
There have been multiple shifts in executive leadership throughout the course of the company's development over the course of the past few years. This was a part of the process.
Since the beginning of Swarovski, the majority of its executive posts have been filled by members of the same family. This has been the case ever since the firm was founded.
However, the board of directors received five new members who did not originate from the same family in November 2021, and Nasard became the company's first CEO who did not come from the same family in June 2022. Neither of these events occurred simultaneously.