Last week, we were notified that Zenith CEO Aldo Magada had resigned from his position, and that LVMH Head of Watchmaking Jean-Claude Biver would immediately begin acting as Zenith CEO in the interim – a role Biver also plays at TAG Heuer, and which makes him the top boss at LVMH Watches & Jewelry’s three biggest brands. We immediately reached out to Biver for a comment. In a revealing interview, he cited profitability problems, a lack of confidence in Zenith’s management, and a breakdown in his relationship with the team as contributing factors in his decision to take over the brand temporarily – and he says he hopes to find a new CEO for Zenith within the next six months.
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