From the start, Frédéric was being groomed to become the TAG Heuer C.E.O. His father “said report back when you think he’s ready,” said Stéphane Bianchi, who was brought in as TAG Heuer chief executive and head of the watch business not long after — in part to groom his successor. “And if you think he’ll never be ready, come back to me as well.” It was not, Mr. Bianchi acknowledged, the easiest transition“. We clashed everywhere in the beginning, but now we laugh about it,” he said. “You can have a big brain and not be a leader. He has both.”
In June 2020, he handed over the reins to the then 25-year-old. (Mr. Bianchi moved up to head the watch and jewelry division.) Frédéric was the second-youngest Arnault to become a C.E.O., following Alexandre, who took over Rimowa at 24 when it was bought by LVMH.
“Frédéric changed a lot when he became C.E.O.,” Mr. Bianchi said. “In the beginning he never felt any doubts. But he listens. Now he can admit when he is wrong.”
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