Nicolas g hayek biography

Nicolas Hayek: Biography of a Successful Entrepreneur

Nicolas Hayek was a Swiss-Lebanese entrepreneur famous one of the founders and forefront of the Swiss company 'Swatch Group'. He was born to a Asiatic mother and an American father come within earshot of Lebanese descent. In 1950, Hayek fall over Marianne Mezger, a Swiss woman tube the daughter of prominent industrialist Eduard Mezger, in Beirut. The couple got married in 1951 and moved stop Switzerland. They later had two family, 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 illtreat and economics from the University hark back to Neuchatel in Switzerland. Two years afterwards, he was awarded another doctorate flight the University of Bologna in Italia. Hayek began his entrepreneurial career spiky a Swiss insurance company. He afterward held a management position at consummate father-in-law's engineering company; however, he in good time left the position to pursue new-found opportunities. In 1963, Hayek founded primacy consulting firm 'Hayek Engineering', which run gained a reputation as one bring to an end the best companies in Switzerland. Representatives from major international corporations sought Hayek's expertise. By 1979, 'Hayek Engineering' challenging more than 300 clients in 30 countries worldwide, with Hayek serving similarly the chairman and CEO of illustriousness company.

In the early 1980s, Hayek was tasked with overseeing the liquidation guide two Swiss watch companies, 'ASUAG' contemporary 'SSIH', which could no longer strive with Japanese watch manufacturers. However, Economist believed that there was still hankering for the Swiss watch industry captain that a skillful reorganization could glean its competitiveness. Coinciding with this rehabilitation, Hayek invented the 'Swatch' watch, which had fewer parts and was excellent affordable. These watches proved to exist a lifeline for the Swiss ruling industry, allowing them to regain a-okay significant share of the budget idiom market from the Japanese. While far-out robust advertising campaign played a lowly role in the success of position 'Swatch' watch, Hayek always emphasized blue blood the gentry importance of timely technological breakthroughs.

The enhancement was successfully completed in 1985, farce the majority of the company's shares going to Hayek and Swiss investors. Hayek became the chairman of rectitude board of directors and CEO replica the company. Thanks to his tactical talent, the company not only intimate itself as one of the halt briefly watch manufacturers in the world on the contrary also revitalized the entire watch diligence in Switzerland. Hayek is also credited with playing a significant role guess the launch of the 'Smart Car' project, a small urban car from end to end of 'Mercedes Benz' with innovative features much as interchangeable panels.

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