The Board of Directors of the Sowind Group holding company, which operates in the Haute Horlogerie sector and encompasses the brands Girard-Perregaux and Jeanrichard, has announced its reorganisation following the sudden death of its Chairman Luigi Macaluso.

The Group has announced its reorganisation: Monica Mailander Macaluso has been appointed Chairman of the Board of the Sowind Group holding company, while the directorship and operational management have been entrusted to Stefano and Massimo Macaluso, Chairman and CEO of Sowind SA respectively. A ‘Strategic Management Committee’ has been set up. The new Chairman highlighted ‘the choice of family continuity, and the new dynamic given to the Group’. François-Henri Pinault, Chief Executive Officer of PPR and Vice-Chairman of the Board of Directors of Sowind Group, has renewed ‘his trust in the family project and his support for the group project.’

Monica Mailander

Monica Mailander Macaluso, an entrepreneur and current Chairman of Sowind Italia, has been appointed Chairman of the Board of Directors of the Sowind Group holding company. The rest of the Board of Directors has remained unchanged. Alongside Stefano and Massimo Macaluso it comprises, as Vice-Chairman, Francois-Henri Pinault, the Chief Executive Officer of PPR, which, following the signature of a strategic partnership agreement in 2008, holds a 23% stake in Sowind Group. The other members are Robert Polet (Chief Executive Officer of Gucci Group) and Henry Peter.

The operational management of the Group has been entrusted to Stefano and Massimo Macaluso, Chairman and CEO of Sowind SA, respectively. Stefano Macaluso, previously Vice-Chairman of the company, had assisted his father for nearly 10 years in strategy definition, product creation and development, in industrial management and in the Sales Department.

Massimo and Stefano Macaluso

Massimo Macaluso, who has been part of the Group for 10 years and is the current Vice-Chairman, had also been actively involved alongside Luigi Macaluso in defining the Group strategy, and was responsible as Managing Director for the international development of the brand Jeanrichard.

The Board of Directors has also approved the creation of a Strategic Management Committee in order to define the areas for development, and will meet periodically for the purpose of operational management monitoring.

Source: Girard-Perregaux

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