Watches of Switzerland bosses see their pay ticking up after successful stock market debut

Watches of Switzerland bosses see their pay ticking up after successful stock market debut

Bosses at luxury jeweller Watches of Switzerland enjoyed a £14million windfall after its stock market debut.

Chief executive Brian Duffy, 64, pocketed £5million from the listing after selling 1.9m shares, while finance boss Anders Romberg, 55, bagged £2.4million, selling 875,000 shares.

Duffy, who has headed Watches of Switzerland since 2014, was also handed 2.2m of its stock in an incentive plan. 

 Perfect timing: Watches of Switzerland chief executive Brian Duffy, (pictured with model Gabriella Wilde) pocketed £5m from the listing after selling 1.9m shares

The shares were worth £6.6million based on yesterday’s price of 300p.

A spokesman said the share award recognised the services provided by Duffy (pictured with model Gabriella Wilde) who joined Watches of Switzerland from Ralph Lauren. 

He also held a stint at Wonderbra’s former owner Sara Lee Corporation where he was responsible for the lingerie firm’s ‘Hello Boys’ advertising campaign.

The company joined the London Stock Exchange last week, earning a valuation of £647million. 

It was worth £730million last night at yesterday’s closing price. 

The company, whose Rolexes cost as much as £156,850, also owns jewellers Mappin & Webb, Goldsmiths and Mayors, and has 120 stores in the UK.