In a press release, MCH said its supervisory board and Kamm agreed “that the time has come for a change in the operational leadership of MCH Group.” Kamm joined MCH in 1999 as head of Baselworld, and has been group CEO since 2003.
The statement cited the Swatch Group’s decision to withdraw from the show, “a decision MCH Group deeply regrets,” it said. “Although it does not generally question the continuation of the Baselworld trade fair, the withdrawal of this important exhibitor has led to questions concerning the consequences for MCH Group results.” The Group said that the “effect on the results for 2019 are as yet inestimable.”
MCH did not announce a successor to Kamm. MCH Chairman Ulrich Vischer will head the group until the group appoints a new CEO.
We will continue to keep you updated as this story develops. It seems far from over.
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