By  on May 22, 2007

Victorinox Swiss Army Inc. is losing its top ranks.

Effective immediately, Sue Rechner, president, and Cheri McKenzie, senior vice president and chief marketing officer, are resigning to pursue other opportunities.

They will work with Charles Elsener, president of Ibach, Switzerland-based parent company Victorinox AG, over the next month to assist in the transition. No replacements have been announced and they could not be reached for comment.

Both will continue as consultants for Victorinox AG, with Rechner consulting on the global watch business and McKenzie on global branding initiatives.

Based in Victorinox's U.S. subsidiary in Shelton, Conn., Rechner joined the company as senior vice president of retail in August 2000 and took over as president in 2002. Under her leadership, Swiss Army launched a women's line in fall 2006 and a men's line about three years earlier. Prior to joining the company, Rechner was a vice president for the Movado Group Inc. and for Seiko Corporation of America.

Swiss Army Brands has an estimated $155 million in sales volume, excluding licenses.

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