Stephen Paterson takes charge following February boardroom departures.
The departure of two senior directors of Edinburgh jeweller and silversmith Hamilton & Inches was not the result of poor trading, according to a spokesperson for the company.
Pippa Dougherty, marketing manager for the company, told Professional Jeweller that managing director Jamie Fraser and technical director Denzil Skinner left the company in February “to pursue other interests”.
The company’s co-owner and executive director Stephen Paterson has taken charge of the company’s operations.
She declined to be drawn on whether the two directors had resigned or were pushed out, but said the company was carrying on with business as usual.
“We’re had a good year,” said Dougherty. “Not up there with the great years, but a good year.”
Financial results for 2009 will be released at the end of this month.
Hamilton & Inches commands a Royal Warrant to The Queen, and is recognised as one of the UK’s leading luxury retailers of of jewellery, watches, silver and luxury goods with stores on George Street in Edinburgh and in Knightsbridge in London.
The company also creates its own jewellery and giftware at silver workshops, located above its flagship store in Edinburgh.
Hamilton & Inches has been trading as a family-owned business since the late 19th century, but was bought out by the Asprey Group in 1992. It changed hands again in 1998 in a management-led buyout.
Asked whether the departure of two directors and Stephen Paterson taking the helm represented a "bright new dawn for the company"? Dougherty replied that it was more “steady as she goes and an exciting new era”.