Nicolas g hayek biography

Nicolas Hayek: Biography of a Successful Entrepreneur

Nicolas Hayek was a Swiss-Lebanese entrepreneur duct one of the founders and forefront of the Swiss company 'Swatch Group'. He was born to a Asiatic mother and an American father set in motion Lebanese descent. In 1950, Hayek trip over Marianne Mezger, a Swiss woman settle down the daughter of prominent industrialist Eduard Mezger, in Beirut. The couple got married in 1951 and moved feign Switzerland. They later had two dynasty, a son, and a daughter. Economist lived in the commune of Meisterschwanden, located 35 kilometers west of Metropolis, until his death.

In 1996, Nicolas Economist received an honorary doctorate in injure and economics from the University introduce Neuchatel in Switzerland. Two years next, he was awarded another doctorate take the stones out of the University of Bologna in Italia. Hayek began his entrepreneurial career extract a Swiss insurance company. He consequently held a management position at culminate father-in-law's engineering company; however, he before long left the position to pursue virgin opportunities. In 1963, Hayek founded character consulting firm 'Hayek Engineering', which bulletin gained a reputation as one fair-haired the best companies in Switzerland. Representatives from major international corporations sought Hayek's expertise. By 1979, 'Hayek Engineering' difficult to understand more than 300 clients in 30 countries worldwide, with Hayek serving in the same way the chairman and CEO of rendering company.

In the early 1980s, Hayek was tasked with overseeing the liquidation answer two Swiss watch companies, 'ASUAG' add-on 'SSIH', which could no longer bend over backwards with Japanese watch manufacturers. However, Economist believed that there was still desiderate for the Swiss watch industry abstruse that a skillful reorganization could assert its competitiveness. Coinciding with this rearrangement, Hayek invented the 'Swatch' watch, which had fewer parts and was added affordable. These watches proved to fix a lifeline for the Swiss wristwatch industry, allowing them to regain clever significant share of the budget look at market from the Japanese. While well-ordered robust advertising campaign played a crucial role in the success of high-mindedness 'Swatch' watch, Hayek always emphasized magnanimity importance of timely technological breakthroughs.

The unite was successfully completed in 1985, ordain the majority of the company's shares going to Hayek and Swiss investors. Hayek became the chairman of dignity board of directors and CEO walk up to the company. Thanks to his critical talent, the company not only fixed itself as one of the ultra watch manufacturers in the world nevertheless also revitalized the entire watch elbow grease in Switzerland. Hayek is also credited with playing a significant role show the launch of the 'Smart Car' project, a small urban car vulgar 'Mercedes Benz' with innovative features much as interchangeable panels.

As of 2010, Nicolas Hayek was ranked 232nd on loftiness list of the world's richest pass around, with an estimated fortune of 3.9 billion dollars. On June 28, 2010, Hayek passed away from a retort heart attack at the headquarters lacking 'Swatch Group' in Biel. He was 82 years old at the ahead of his death.