PARIS — Michele Sofisti is set to step down as chief executive officer of Sowind Group on Oct. 1 to focus on his duties as ceo of Gucci Watches and Jewelry, as part of a wider reorganization of Kering’s luxury watches and jewelry division, the French group said on Friday.
This story first appeared in the July 21, 2014 issue of WWD. Subscribe Today.
“The group has decided to put in place a renewed organization in which each company will be managed by a dedicated ceo,” Kering said, adding that a new ceo for Sowind Group would be appointed.
Sofisti joined Gucci Group Watches as strategic adviser in 2009 and was promoted to ceo in 2010. Since taking over at Sowind Group in 2011, he has set about modernizing the group’s production capacities and repositioning the Girard-Perregaux and JeanRichard brands.
Last year, Girard-Perregaux won the Aiguille d’Or, the top award at the Grand Prix d’Horlogerie de Genève, with its Constant Escapement L.M. timepiece.