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Business News: Jean-Marc Pontroué Departs Panerai, Emmanuel Perrin Takes Over
Panerai chief executive Jean-Marc Pontroué has just revealed he’s stepping down in a post on his personal Instagram account. He took up the job almost exactly seven years ago, after six years as chief executive of Roger Dubuis and over a decade at Montblanc, where most notably he led the brand’s high-end watchmaking efforts (that were dialled back under subsequent managers). Mr Pontroué’s successor, effective April 1, will be Emmanuel Perrin, currently head of Specialist Watchmakers (SWM), essentially the watch division of Richemont, the Swiss luxury group that also owns Cartier and Van Cleef & Arpels. According to insiders, SWM will continue to exist, but at a regional level, rather than the group-level entity it is now. Emmanuel Perrin Mr Pontroué landed at Panerai with big shoes to fill: his predecessor, Angelo Bonati, led the brand for over two decades, taking it from essentially nothing to one of the hottest brands in the 2000s. Panerai’s impressive momentum had begun to slow towards the end of Mr Bonati’s tenure, and despite his best efforts Mr Pontroué never managed to recapture the magic. Amongst the initiatives launched by Mr Pontroué at Panerai was sustainability in watchmaking materials and packaging, as well as a renewed engagement with Paneristi, the community of dedicated Panerai fans – underlined by historically inspired new launches coming in 2024. The brand’s direction will now be determined by Mr Perrin. During his spell leading SWM, Mr...
