PASSING THE BATON: Patek Philippe owner Philippe Stern is giving his son, Thierry Stern, the reins of the U.S. division of the fine watch brand. Thierry next month is expected to be named president of Patek Philippe USA. The younger Stern was most recently vice president and worked in product development at the firm from 1998 to 2003. Thierry is scheduled to travel to the U.S. for a multicity tour culminating in Las Vegas on Oct. 15, where Wynn Las Vegas will host an exhibit called “American Faces” displaying the 170-year history of the brand through more than 100 rare timepieces. The elder Stern’s new title could not be determined at press time.
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