What was once just an unconfirmed rumour is now official. François-Henry Bennahmias, the charismatic CEO of Audemars Piguet, will leave the brand at the end of 2023. The news was announced in an interview together with Jasmine Audemars, released in Le Temps today.
François-Henry Bennahmias joined Audemars Piguet some 30 years ago and has been at the helm of the brand for the past 10 years. He will leave the company in excellent shape with revenues of about 1.6 billion francs and a production of some 45,000 watches in 2021. The interview released in Le Temps reports that the transition process has been under discussion since 2017 and that back then, François-Henry Bennahmias had informed the Audemars Piguet Board of his desire to retire after the 50-year anniversary of the Royal Oak in 2022. A date is now set. He will continue to exercise his functions as CEO, ensuring a smooth transition until the end of 2023.
The Audemars Piguet Board has therefore decided to launch a search process for a new CEO via the recruitment firm Russel Reynolds Associates.