Watches of Switzerland CFO exits
Watches of Switzerland Group is parting ways with its Chief Financial Officer Bill Floydd, effective 12 May. The luxury retailer said the decision was “by mutual agreement”.
At the same time, Floydd (destination unknown) will be succeeded by Anders Romberg, who previously served as the Group's CFO for seven years from 2014 to 2021. The outgoing CFO will remain available to support the transition and a handover of responsibilities until 31 October, WoS noted.
CEO Brian Duffy said: "On behalf of the board, I would like to thank Bill for his valuable contribution to the group and we wish him well for the future. I am delighted that Anders is re-joining the business. He has a strong track record of financial leadership and thorough knowledge of our group, as well as the specialist luxury watch and jewellery categories.”
Romberg, incoming CFO, said: "I am very pleased... to once again be working alongside Brian and the team to deliver our long-term strategy and to capitalise on the wealth of growth opportunities available to us.”
And that growth has been key to the group’s success that developed greatly during the pandemic and led to a strong store expansion programme since.
In February, the group delivered yet another strong set of trading figures, for Q3 and the first nine months of the year up to the end of January. In the quarter, group revenue rose to £407 million, up by 17% on a reported basis and 12% currency-neutral. And in the nine months, revenue rose to £1.17 billion, a 25% reported rise and a 19% currency-neutral increase.
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