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Encyclopedia > Nicolas Hayek


Born in 1928, Nicolas G. Hayek is the Lebanese co-founder and Chairman of the Board of Directors of the Swatch Group, with principal Headquarters in Biel-Bienne. After having engineered and implemented the reorganization of the ASUAG and SSIH watch companies for more than four years, finally bringing about their merger, N.G. Hayek took over, with a group of Swiss investors, a majority shareholding in the new group in 1985. He became Chairman of the Board of Directors and Chief Executive Officer in 1986. See also: swatch (disambig) The Swatch Group Ltd. ...


Hayek played a decisive role in the recovery of the Swatch Group with its watch brands Swatch, Blancpain, Omega, Longines, Rado, Tissot, Certina, Mido, Hamilton, Pierre Balmain, Calvin Klein, Flik Flak, Breguet and Lanco. The strategies he developed in the early 1980s led to the success of the entire Swiss watch industry and regained its leading position worldwide since 1984.


Hayek was awarded the title of Doctor honoris causa of Law and Economics of the Faculty of "Beni Culturali" of the University of Bologna (Italy) in June 1998, after being awarded doctor honoris causa of Law and Economics of the University of Neuchatel (Switzerland) in 1996.


Nicolas G. Hayek is also the founder, Chairman of the Board and C.E.O. of Hayek Engineering Inc. with headquarters in Zurich. The Hayek company (founded in 1963) employs some 250 highly qualified professionals experienced in a variety of sectors, such as iron and steel, automotive industry, watches, ic production, telecommunication systems and other advanced technologies, etc., where they undertake projects in engineering, project-management, optimizations and feasibility studies, strategic planning, sales and marketing, as well as consulting in the field of organization and systems.



 

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