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Audemars Piguet CEO Out

Philippe Merk exits company over strategy differences.

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MERK OUT AT AUDEMARS: Audemars Piguet said that “due to differences in company strategy,” chief executive officer Philippe Merk is leaving the company. The high-end Swiss watchmaker appointed Merk ceo in 2009.

Until Merk’s successor is found, AP’s board has nominated François-Henry Bennahmias as general manager. Bennahmias, 48, began his career at Audemars Piguet in 1996 and, from 1997, he was assistant marketing and sales manager for Asia-Pacific and Europe. In 1999, he was promoted to president and ceo of Audemars Piguet’s North America business, working out of its New York office.

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