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Maurice Lacroix

Appointment of Marc Gläser as new Managing Director of Maurice Lacroix

Following the acquisition of a majority shareholding by DKSH in the Maurice Lacroix Group in summer 2011, the expectations of overproportional growth in sales, particularly in the Asia region, have been fulfilled.

To position the Maurice Lacroix brand and product development even closer to the market and to the needs of the rapidly growing customer groups, the function of a Managing Director Maurice Lacroix is being created, which will be independent of the management of the long-established watch case manufacture Queloz in Saignelégier and that of the producer of movement components, La Manufacture des Franches-Montagnes. Effective January 1, 2012, the newly created role of Managing Director Maurice Lacroix will be assumed by Marc Gläser, who has held various executive positions at Maurice Lacroix over the past seven years.

Joerg Wolle, President & CEO of DKSH, commented: “Our expectations of overproportional growth in sales have been fulfilled, particularly in the Asian markets, where we are benefiting from the rapidly growing middle class throughout the entire emerging Asia region and their appetite for high-quality luxury and lifestyle products. We are convinced that through this new organizational structure and the enhanced focus on the diversity of core competencies within the Maurice Lacroix Group, we will be able to satisfy customer needs even faster and hence, accelerate our growth.”

Gonpo Tsering, Member of Group Management DKSH, and Chairman of the Board of Maurice Lacroix, stated: “I am delighted to take this opportunity to extend my thanks to Martin Bachmann, the long-standing CEO of the Maurice Lacroix Group, for his outstanding expansion efforts of the recent years. Following the successful integration of Maurice Lacroix in the DKSH Group, he has decided to leave the company at the end February 2012. Our very best wishes accompany him.”

As an independent Market Expansion Services provider for the marketing, sales, distribution, and after-sales support for high-quality luxury and lifestyle products, DKSH operates blanket-coverage networks in a diversity of markets throughout Asia for the benefit of premium brands such as Harry Winston, Graham, Breitling, Corum, and Ulysse Nardin.

About DKSH

DKSH is the leading Market Expansion Services Group with a focus on Asia. As the term "Market Expansion Services" suggests, DKSH helps other companies and brands to grow their business in new or existing markets.

With 610 business locations in 35 countries – 590 of them in Asia – and over 23,000 specialized staff, it is one of the top 20 Swiss companies ranked by sales and employees. In 2010, DKSH generated a Transaction Value of nearly CHF 10 billion.

The company offers any combination of sourcing, marketing, sales, distribution, and after-sales services. It provides business partners with expertise as well as on-the-ground logistics based on a comprehensive network of unique size and depth. Business activities are organized into four specialized Business Units that mirror DKSH fields of expertise: Consumer Goods, Healthcare, Performance Materials, and Technology. Although DKSH is a Swiss company with headquarters in Zurich, it is deeply rooted in communities all across Asia Pacific. This is because the company looks back on a nearly 150-year-long tradition of doing business in and with the region.