WATCH CHIEF: Vacheron Constantin, the luxury Swiss watchmaker owned by Compagnie Financière Richemont SA, has a new chief executive. Juan-Carlos Torres will succeed Claude-Daniel Proellochs, who is retiring, Richemont said. The cigar-smoking Proellochs had been with the Geneva-based Vacheron, which celebrated its 250th anniversary this year, for the last 17 years, developing the brand's luxury cachet among collectors by drawing on the brand's heritage for complicated mechanical creations. For his part, Torres has worked at Vacheron Constantin since 1981, first as an accountant, rising through the ranks until, in 2002, he was named deputy chief executive. Richemont, with a brand portfolio that includes Cartier, Van Cleef & Arpels, Alfred Dunhill and IWC, has owned Vacheron Constantin since 1996.MITCHELLS TAPS FINLAYSON: Mitchells and Richards, the two upscale fashion stores in Connecticut owned by the Mitchell family, has hired Ellen Finlayson as divisional merchandise manager of women's shoes, handbags, jewelry and accessories. She reports to Bob Mitchell, co-president of Mitchells-Richards. "Ellen's position is new because our women's business continues to grow," said Mitchell. The women's team includes Marta Nowakowsi, jewelry and accessories buyer; Linda Mitchell, ready-to-wear dmm; Lauren Perez, buyer for advanced collections, and Angela Pieretti, contemporary collections buyer. Finlayson previously worked at Bloomingdale's and Bergdorf Goodman and most recently was dmm at the Redcats USA catalogue.

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