Following the passing of Nick Hayek the founder of Swatch Group, his daughter Nayla Hayek has been appointed as the new chairwoman of the watch giant.
It is thought that she has been groomed for this position for many years, with his son, also called Nick, being the Chief Executive since 1993.
Nayla had already been given the job of Vice - Chairwoman since May this year and the Hayek family and their investors still own more than 40% of the voting rights.
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