Having successfully led the integration of Bulgari within LVMH Moet Hennessy Louis Vuitton SA, Mr. Francesco Trapani has decided to relinquish his operational duties as head of Watches and Jewelry division from 1st March 2014. He becomes an adviser to Group Chairman, Mr. Bernard Arnault, on matters relating to the Group's jewelry operations, and remains a Director on the Board of LVMH Moët Hennessy Louis Vuitton. The Group's jewelry Maisons (Bulgari, Chaumet, Fred and De Beers) will now report to Mr. Belloni, LVMH Group Managing Director.

Mr. Jean-Claude Biver, currently President of Hublot, will also take responsibility for the other watch brands TAG Heuer and Zenith.