Francesco Trapani will step down from his role as head of LVMH’s Watches and Jewelry division.
From March 1, Trapani will no longer hold an operational role at the business but will continue to have some sway at the luxury conglomerate through a new role as advisor to LVMH group chairman Bernard Arnault.
Trapani will retain his position as a director of the board of LVMH.
Arnault said: “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."
Following Trapani’s departure, Hublot president Jean-Claude Biver will step up to take on the additional responsibility of LVMH’s other watch brands Zenith and TAG Heuer.
Arnault continued: "I am also delighted that Jean-Claude Biver has agreed to lead our wacthmaking 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.”