CMJ CEO to focus on Sector B, covering jewellery distribution.
The Company of Master Jewellers chief executive Willie Hamilton has joined the World Jewellery Confederation’s (CIBJO) leadership team, becoming executive vice-president of Sector B, an area of the confederation focused on jewellery distribution.
Hamilton has joined CIBJO after a board level discussion revealed an imbalance within the organisation. He will remain chief executive of the CMJ, running the two roles in parallel.
CIBJO president Dr Gaetano Cavalieri said: "The level of activity in Sector A (gem materials) considerably outweighs the level of activity in both Sector B (jewellery distribution) and Sector C (jewellery manufacturing, technology and precious metals). [So] it is my strong feeling that, to remedy the situation, Sector B requires an injection of dynamic leadership and managerial acumen. It is to this end that I informed the board that I have invited Mr Willie Hamilton to assume the position of executive vice-president of Sector B.”
The executive vice-president role is a completely new position created by CIBJO and will "afford Hamilton the authority that is akin to the CEO of Sector B". He will work alongside Sector B president Ivan Hayden and the sector’s non-executive vice-presidents, Melanie Wakefield and Trine Thorning.
Cavalieri added: “I am delighted that Willie Hamilton has accepted this appointment, which will be of great service to the international jewellery community."
The CMJ reported record trading earlier this month, with group sales for the year 2012 to 2013 totalling £88.1 million, up 20% on the previous year and the buying group’s highest ever figure. The net worth of the CMJ also rose by 18% to £1.97 million from 2012’s net worth of £1.67 million.
Hamilton said of his appointment: “The record trading results in the CMJ in the past five years gives credence to this appointment by bringing the CMJ onto a world stage. My work as chief executive of the CMJ will run in tandem with the role I have now undertaken at CIBJO.”