Swatch Shakes Up Executive Committee as Luxury Slowdown Persists

Swatch Group AG is shaking up its executive management committee just months after the watch and jewellery maker faced investor calls for improved corporate governance.

Chief controlling officer Peter Steiger, a 35-year veteran of the Biel, Switzerland-based company, will retire and leave the group, according to a statement Thursday.

Two executives — Damiano Casafina, chief executive officer of the company’s watch movement production…