Just saw this about the death of the Swatch group founder:
Nicolas G. Hayek, Chairman and Delegate of the Board of Directors of The Swatch Group Ltd. unexpectedly passed away today due to heart failure during work at his beloved Swatch Group.
Hayek's greatest merit was his enormous contribution to the saving of the Swiss watch industry and the foundation and the commercial development of the Swatch Group. Hayek's extraordinary vision enabled him to realize and ensure the sustainability of a strong watchmaking enterprise with high Swiss added value. He is rightly recognized as a leading entrepreneur in this country.
With the right personnel decisions, Hayek also ensured that his ideas and beliefs will live on and that continuity is guaranteed in regard of shareholders, Board of Directors and the Group Management Board.
The whole team of The Watch Avenue pays tribute to this great entrepreneur, a pioneer as well as a visionary, and expresses its sorrow at the loss of this exceptional man. It wishes to offer its sincere condolences to his family, his relatives and all his collaborators who over the years have brought him the joy to “amuse himself at work”.
-The Watch Daily
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