Seiko Watch Corp. Shakes Up Executive Board

WatchesApr 05, 2021

Seiko Watch Corp. Shakes Up Executive Board

Akio Naito has been named president of the watch company as its CEO moves into a new role.

Akio Naito is the new president of Seiko Watch Corporation.
Tokyo—Seiko Watch Corporation has shaken up its global management structure in Tokyo, announcing several executive position changes.
Seiko CEO Shinji Hattori is stepping down from the role, though he will remain chairman and group CEO and CCO of Seiko Holdings Corporation.
The role of CEO will not be filled, according to a report by WWD.
Hattori’s great-grandfather Kintaro Hattori founded the watch company in 1881.
Akio Naito, formerly the deputy chief operating officer, has been appointed president.
Naito has held leadership roles in both Australia and Japan and had a hand in establishing Grand Seiko Corporation of America and Grand Seiko Europe, lending his financial and managerial know-how to the international subsidiaries.
"With his extensive experience in a variety of roles within our organization, I am certain Mr. Naito is the right person to lead SWC in this new era that is now dawning," said Hattori. 
Naito succeeds former president Shuji Takahashi, who will step in as president of Seiko Holdings Corp in June and later transition to director of Seiko Watch Corporation.
Seiko Watch Corporation is comprised of Seiko, Grand Seiko, and Credor.
Lenore Fedowis the associate editor, news at National Jeweler, covering the retail beat and the business side of jewelry.

The Latest

FinancialsApr 14, 2021
LVMH Sees Jewelry, Watch Sales Double in Q1

This is the first fiscal quarter that includes the recently acquired Tiffany & Co.

Events & AwardsApr 14, 2021
Centurion, CBG Jewelry Trade Shows Will Head to the Desert This Spring

They’re slated for May in Phoenix and June in Las Vegas, respectively.

Events & AwardsApr 14, 2021
AGS Announces Upcoming Conclave Locations

Here’s where the event will be in 2022 and 2023.

Brought to you by
4 Reasons You Need This Program for Mother’s Day

Learn how to increase customer loyalty and revenue by making JM™ Care Plan a cornerstone of your business plan.

CrimeApr 13, 2021
2 Men Plead Guilty in Murder of Texas Jeweler

The men, one of whom is the late Theodore Shaughnessy’s son, both received 35-year prison sentences.

Weekly QuizApr 08, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of April 5-9, 2021.
Take the Quiz
FinancialsApr 13, 2021
Signet Ups Fiscal Guidance Following Strong Q1

The jewelry giant posted stronger-than-expected conversion rates and higher average ticket values in the first quarter.

IndependentsApr 13, 2021
Trend Forecaster Paola De Luca to Offer Virtual Courses

They will cover jewelry marketing and product and design trends, and the first session is free.

Brought to you by
Evaluating Your Inventory For Success in 2021 

After months of pandemic-driven social distancing, restrictions and lock-downs, consumers will be excited to visit your store. Now is the time to ensure you have the right inventory on-hand to capitalize on that excitement!

SourcingApr 13, 2021
Rough Diamond Sales Slow Down for De Beers, Alrosa

Leaders at both companies said the latest sales results are in line with expectations.