MajorsJun 22, 2022
Swarovski Names First Non-Family CEOMajorsFeb 22, 2023
Swarovski Names New CFO
Luxury retail veteran David Wielemans will take on the role in April.
Swarovski has appointed David Wielemans its new chief financial officer, effective as of April.
Männedorf, Switzerland—Swarovski has added a new member to its C-suite.
The crystal company has appointed David Wielemans as its new chief financial officer, effective in April.
Wielemans is replacing the current interim CFO Frederik Westring, who will leave the company at the end of June to pursue other interests, said Swarovski.
The company said the appointment is the next step in its transformation plan as it proceeds to the next phase of its “luxurization” journey, also known as its “LUXIgnite” strategy.
Wielemans is a senior financial executive with extensive luxury and retail experience.
Previously, he was the co-CFO of eyewear company EssilorLuxottica Group and the group CFO for Essilor International.
He holds a Master of Finance and Accounting degree from Conservatoire National des Arts et Métiers in Paris.
"I am pleased to announce the appointment of this well-rounded and experienced leader,” said CEO Alexis Nasard, to whom Wielemans will report.
“The breadth and depth of his expertise aligns perfectly with Swarovski's LUXignite strategy and will be a key asset as we continue our luxurization journey toward sustainable, profitable growth.”
Nasard thanked Westring for his contributions to the company over the past six years, adding that “he was a key player in shaping our new strategy, and in strengthening our results."
Of his appointment, Wielemans said, "I am delighted to join Swarovski. The combination of an iconic brand, fashion and retail expertise and a deep manufacturing savoir-faire makes Swarovski unique.”
The company has undergone a number of executive changes in recent years as part of its transformation.
Swarovski’s executive team has been largely a family affair since the company’s founding, but its board welcomed five non-family members in November 2021 and appointed Nasard as its first non-family member CEO in June 2022.
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