Fawaz Gruosi, founder of Swiss luxury jewelry and watch company de Grisogono, has stepped down from his position as a board director and left the company.
The resignation was effective Dec. 31, according to an article published by WorldTempus.
The decision had been some time in the making, and Gruosi had moving away from daily operations.
Elmar Wiederin, chairman of the de Grisogono board, was quoted saying, “As Founder of this inspirational brand twenty – five years ago, we are thankful to Fawaz Gruosi for his incredible passion and creativity.”
Wiederin continued: “Led by Céline Assimon and the skilled team in place, the Design studio and Atelier will continue to drive design and craftsmanship as before through a collective process, maintaining the traditions of daring creativity for which the brand is known.”
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Assimon was named CEO in December.
De Grisogono also recently named Keith Rosen to the role of general manager for its Americas operations, Rapaport News reports.
Read more at the WorldTempus