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The Swatch Group AG (SWGAY)

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The Swatch Group AG

Seevorstadt 6
Biel/Bienne 2501
Switzerland
41 32 343 68 11
http://www.swatchgroup.com

Sector
Industry
Full Time Employees35,000

Key Executives

NameTitlePayExercisedAge
Mr. Georges Nicolas Hayek Jr.Pres of Exec. Group Management Board, Chief Exec. Officer and Director5.14MN/AN/A
Dr. Thierry KenelChief Financial Officer and Member of Exec. Group Management BoardN/AN/AN/A
Mr. Walter Von KänelMember of Extended Group Management BoardN/AN/AN/A
Mr. François ThiébaudMember of Exec. Group Management BoardN/AN/AN/A
Dr. Peter SteigerMember of Extended Group Management BoardN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

The Swatch Group AG manufactures and sells finished watches, jewelry, and watch movements and components worldwide. The company’s Watches & Jewelry segment designs, produces, and commercializes watches and jewelry. Its Electronic Systems segment is involved in the design, production, and commercialization of electronic components and systems, as well as sports timing activities. The company is also involved in the provision of assembly, research and development, administration, watch case polishing, logistics and distribution, and customer services; and hard material products, microelectronics, watch cases and crowns, miniature low-frequency quartz crystals, thin wires, miniature batteries, watch glasses, watch dials and bracelets, watch hands, sports timing technology and equipment, precision parts, and assembly electronic components. In addition, it engages in retail, communication, real estate, real estate project and property management, reinsurance, and finance businesses. The Swatch Group AG offers its watch and jewelry products primarily under the Breguet, Harry Winston, Blancpain, Glashütte Original, Jaquet Droz, Léon Hatot, Omega, Longines, Rado, Union Glashütte, Tissot, Calvin Klein, Balmain, Certina, Mido, Hamilton, Swatch, and Flik Flak brands. The company markets its products through a distribution network; network of Tourbillon and Hour Passion multibrand watch and jewelry boutiques and monobrand stores; and online stores. The Swatch Group AG is headquartered in Biel/Bienne, Switzerland.

Corporate Governance

The Swatch Group AG’s ISS Governance QualityScore as of August 1, 2017 is 10. The pillar scores are Audit: 1; Board: 10; Shareholder Rights: 10; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.