Mr Jacques has more than 15 years of strategic and operational experience in the watch industry. He notably co-founded the international watch magazine GMT, directed the Grand Prix d’Horlogerie de Genève and subsequently the Geneva flagship store of the retail group Les Ambassadeurs, before serving for five years as CEO of the De Bethune brand.

“Pierre Jacques’ arrival in our company corresponds to a new stage for MCT”, said Mrs Ambartsumian. “His dynamic approach and his experience will make a valuable contribution to accelerating the development of our young brand.”

“I’ve always admired MCT creations,” explained Pierre Jacques. “They reflect absolute modernity in terms of design and technical research, while respecting the spirit and the rules of Haute Horlogerie. I am proud of being able to participate in the expansion of this magnificent firm.”

Mr Jacques will take up his position on February 15th 2016. He will succeed Mr François Candolfi, who has shown both talent and enthusiasm in his role at the head of MCT since its takeover by Cage Holding which he initiated as a consultant in 2012.

The strategic vision and the commitment demonstrated by Mr François Candolfi have enabled MCT to reposition itself as one of the rare internationally recognised independent firms and to transform the small initial watchmaking workshop into a robust almost entirely integrated structure. Under his leadership, the brand has created three in-house calibres and broadened its product range through a long-term strategy.

Mr Candolfi also began a process of ongoing improvement of the in-house calibres that will be incorporated into its entire product range as of 2016, as well as successfully overseeing the internationalisation of the Group via the creation of the first MCT subsidiary based on Asia.

Cage Holding and MCT thank Mr Candolfi most sincerely for his constant commitment as well as his accomplishments on behalf of the Brand.