Jean-Claude Biver, president of the LVMH watches division, told Reuters on Thursday that he was giving up his operational responsibilities for health reasons.
"I'm giving up my operational responsibilities but I remain as non-executive chairman of the division and its three brands Zenith, Hublot and TAG Heuer," he said, confirming press information.
Aged 69, Jean-Claude Biver has suffered from health problems for several months.
