Crash in the house of Swarovski: Christoph Swarovski lays back functions

Crash in the house of Swarovski: Christoph Swarovski lays back functions

Christopher Swarovski
Image: APA/HELMUT FOHRINGER

“Constructive cooperation is currently still not possible,” said Christoph Swarovski of the “Tiroler Tageszeitung” on Tuesday. In the previous year, Alexis Nasard was the first person from outside the family to take over the management of the company. Christoph Swarovski will resign from his position as a member of the Advisory Board of D. Swarovski KG, Tyrolit and Swarovski Optik as soon as possible. He is also stepping down as Managing Director of Swarovski Auslands Holding GmbH (SAH) and as a member of the Supervisory Boards of Tyrolitleitungs AG and Swarovski Optikleitungs AG. As a shareholder, however, he wants to continue to “modernize” the Swarovski Group.

Swarovski has already criticized several times

Swarovski once again criticized the organizational form of the crystal group: “One solution would be that Swarovski, as a Tyrolean company, becomes a stock corporation under Austrian law, positions itself professionally for the future and at the same time makes a clear commitment to the Wattens location,” it said. He spoke out in favor of “external top management with clear decision-making structures”. “Therefore, the management and the supervisory board at Swarovski should not be filled according to pure family affiliation, but according to objective qualification criteria,” said Swarovski, who also called for a “clear commitment” to the Tyrol location.

Nasard recently spoke of Swarovski as an “Austrian company that is partly managed from Switzerland”. The group has its headquarters in Männedorf on Lake Zurich.

The crystal group had faced severe turbulence in recent years. This affected the management of the Group on the one hand, and the economic situation on the other, not least because of the corona crisis. Ex-CEO Robert Buchbauer initiated a restructuring of the group – including large-scale layoffs in Wattens – with which part of the family clan did not agree. The President of the Association of Tyrolean Industrialists, Christoph Swarovski, was also among the critics. A court of arbitration finally ruled that the structural reform was unlawful and had to be reversed.

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