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Nayla Hayek elected as Swatch chairwoman

Nayla Hayek has succeeded her father Nicolas Hayek, chairman of the Swatch Group, following his death last week. (Continue reading here)

The appointment of Nayla, 59, as chairwoman of the board of directors caps a meteoric rise following her promotion to the position of vice-president in May 2010.

Commenting on the news, the Swatch Group said: "Nayla Hayek has been prepared towards this function during the past years and has a long-time experience within the board of directors. In addition, she was successfully active in various operational functions during the last years."

Nayla's younger brother, Nick Jr, has been Swatch Group chief executive since 2003. Together the Hayek family members control 41% of the group's voting rights. The Switzerland-based watchmaker had 2009 revenues of 5.421 billion Swiss francs.

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