Stephen Urquhart To Retire As President Of Omega, Succeeded By Raynald Aeschlimann

Stephen Urquhart To Retire As President Of Omega, Succeeded By Raynald Aeschlimann

Stephen Urquhart To Retire As President Of Omega, Succeeded By Raynald Aeschlimann Watch Industry News

After 16 years leading Swatch Group AG’s Omega brand, Stephen Urquhart is retiring as president of Omega, Bloomberg reports. Urquhart, who turns 70 at the end of May, will work on special projects and consult for the company, according to Swatch Group's statement from today. He will be succeeded by Raynald Aeschlimann.

Urquhart's career actually started at Omega in 1969, which he left after 6 years, joining Audemars Piguet. After 15 years there and becoming chairman of the company, he left AP in 1989 for Jaeger-LeCoultre and then Blancpain, to finally return to Omega in 1999. Interestingly, this was also the year that Omega presented its first Co-Axial movement-equipped timepiece. With this new movement and the direction of Urquhart, the success story of the 21st century Omega had begun.

Stephen Urquhart To Retire As President Of Omega, Succeeded By Raynald Aeschlimann Watch Industry News
Stephen Urquhart has directed Omega since 1999.
Stephen Urquhart To Retire As President Of Omega, Succeeded By Raynald Aeschlimann Watch Industry News
Raynald Aeschlimann, taking over the role of President of Omega on June 1st, 2016.

Fans of the brand need not worry too much, though, as not only will Urquhart continue to advise the brand, but Raynald Aeschlimann, who's taking over the role of CEO, is also a brand veteran with 20 years of experience at Omega, where he has been Vice President of Sales. Aeschlimann will officially take over the role of President of Omega on June 1st, 2016.

Stephen Urquhart To Retire As President Of Omega, Succeeded By Raynald Aeschlimann Watch Industry News

The challenges that will lay ahead of him include further developing Omega's METAS-certified in-house movements and introducing them to an ever wider range of products, overcoming the increasingly difficult market situations with declining demand from China, the company's main market, and – last but not least, and something that likely is the key concern for Omega fans – keeping the brand on the right track, striking the correct and sustainable balance between honoring Omega's extensive history and developing new and exciting products.

An era most certainly has come to an end as Stephen Urquhart retires from Omega in June, 2016, but we are looking forward to seeing what the future, now under the oversight of Raynald Aeschlimann, will bring for Omega. omegawatches.com

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  • Raymond Wilkie

    Before I read the headline I though ” Oh Robert De Nero is backing omega ! “

    • DanW94

      Hey, have I gotta watch for you! Yeah, that’s right, I’m talking to you. It fell off the back of dis truck ova here…..

      • Spangles

        The watch my father wears every day was exactly that kind of watch. Given by a mobster patient, my father tried to politely refuse as doctors don’t really take tips for their care. The mobster insisted and told him, indeed, the watch had “fallen offa a truck”…

    • Boogur T. Wang

      Seeing the name Urquhart I immediately thought of “Local Hero” and a Scottsman going home.

  • iamcalledryan

    A solid leader for a solid brand, hat’s off to Mr Urquhart. It will be interesting to see what kind of a stamp Mr Aeschlimann will put on the brand over the coming years.

  • JimBob

    I guess he ran out of sides of the moon.

  • Marius

    Tutankhamen has left the building!

  • IG

    Good riddance. He fluted all the bezels.

    • Forever Great

      He was definitely a bezel fluter, it was outta control!

  • SuperStrapper

    A fresh face to provide new and exciting iterations of a 9300-based watch!

  • Greg Dutton

    What I want to know is: where does Urquhart’s deep-seating burning passion for hockey pucks come from? Clearly, it was this simple and noble object that inspired all modern Omega’s under his tenure.

  • Forever Great

    I hope this guy doesn’t start making grandfather clocks.

  • Timestandsstill

    A very impressive career with some A list players winds down. Good work Mr. Urquhart.