William ‘Bill’ Floydd takes charge of the Watches of Switzerland group
William “Bill” Floydd has joined the board of directors of luxury watch retailer Watches of Switzerland Group as Chief Financial Officer.
He will lead the finance side of the Leicestershire-based company, which includes the chains Goldsmiths, Watches of Switzerland and Mappin and Webb as well as Mayors in the United States.
He joined the board on January 1, replacing Anders Romberg who retired after seven years in this position.
When the appointment was announced last year, Managing Director Brian Duffy said he was looking forward to working with the new CFO.
He said, âHe brings a wealth of high level financial expertise and leadership qualities, and the group will benefit greatly from his experience.
âOn behalf of the Board of Directors, I would like to thank Anders for the important contribution he has made to the company as CFO since 2014, especially during our successful IPO in 2019 and further growth. as a listed company.
âPersonally, I would like to add that Anders has been a strong partner for me and has played a key leadership role in transforming our business.
“Anders leaves the group in a strong financial position and we wish him the best for the future.”
Mr. Floydd said : “I am delighted to join the Watches of Switzerland group at such an exciting phase of its growth, and look forward to working closely with Brian, the Board of Directors and the entire team to continue to deliver implementing the group’s strategy. ”
He joined the company from the international games, leisure and entertainment company FTSE 250 The Rank Group Plc, where he was CFO since November 2018.
There he led several fundraising initiatives to ensure Rank was able to weather the pandemic.
Prior to that he spent over five years as CFO of the UK & Ireland region of Experian Plc and prior to that he held senior positions at Logica Plc. He graduated as a chartered accountant from PwC.
In August it was announced that his base salary would be Â£ 380,000, with an annual bonus of up to 125% of that amount.
The group said his maximum annual award of performance shares would be 175 percent of his salary.
He said he will also receive shares from Watches of Switzerland to make up for stock awards he lost upon leaving his former employer.