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Audemars Piguet CEO Out

Philippe Merk exits company over strategy differences.

MERK OUT AT AUDEMARS: Audemars Piguet said that “due to differences in company strategy,” chief executive officer Philippe Merk is leaving the company. The high-end Swiss watchmaker appointed Merk ceo in 2009.

Until Merk’s successor is found, AP’s board has nominated François-Henry Bennahmias as general manager. Bennahmias, 48, began his career at Audemars Piguet in 1996 and, from 1997, he was assistant marketing and sales manager for Asia-Pacific and Europe. In 1999, he was promoted to president and ceo of Audemars Piguet’s North America business, working out of its New York office.

This story first appeared in the May 25, 2012 issue of WWD.  Subscribe Today.

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