Efraim Grinberg has been the CEO of Movado Group, Inc. since 2001. Under his leadership, he has navigated the company through many economic challenges, notably implementing a strong compensation philosophy focused on performance. For example, in 2014, Grinberg earned a...
Efraim Grinberg has been the CEO of Movado Group, Inc. since 2001. Under his leadership, he has navigated the company through many economic challenges, notably implementing a strong compensation philosophy focused on performance. For example, in 2014, Grinberg earned a total compensation of $1,254,247, which largely comprised his salary, while no bonuses were given that year because the company didn't hit its profit targets. Over the years, his insider trading activity shows significant movements, peaking at around $7.4 million in September 2019, but showing fluctuations that align with market conditions. Grinberg and his family are prominent shareholders in Movado, which highlights their deep connection to the brand. The Grinberg family, including Efraim himself, holds a substantial amount of the company's Class A and Common Stock, reflecting their vested interest in its success. He's not just a leader, but also a part of the family legacy within Movado. Efraim’s tenure is marked by his ability to affect the company’s strategic direction, ensuring that it remains competitive in the luxury watch market, where branding and consumer perception are crucial. Overall, Grinberg's journey illustrates the intricate balance of corporate leadership and family business dynamics.