Patek Philippe USA
Larry Pettinelli is the new president of the Henri Stern Watch Agency (also called Patek Philippe USA), the U.S. division and distributor of Patek Philippe, one of the best-known Swiss luxury watch brands in the U.S. market. Pettinelli, a former investment banker, joined the New York City–based company 19 years ago as a sales associate. He had been vice president since 2000.
Hank Edelman, who had been president since 1991, became chairman of the board of directors and continues to work in the New York office on a limited weekly schedule. Edelman started at the Henri Stern Agency in 1961, as a messenger during college breaks, and worked his way up. Under his leadership, the U.S. company has grown, the brand image has become ingrained with the affluent public, and Patek Philippe's place in the U.S. fine-watch market has solidified.
Philippe Stern, president and owner of Geneva-based Patek Philippe S.A., the parent firm, noted that Pettinelli was “ideally suited” to lead the Henri Stern Watch Agency. “He has worked closely with Hank for 18 years, understands our philosophy, and will continue to promote our brand with loyalty, dignity, and fairness,” Stern said.
Pettinelli promised to “continue our focus on educating the American consumer about the value inherent in every Patek Philippe timepiece. We intend no dramatic change in direction and will continue our close partnership with our authorized retail partners.”
Patek Philippe is sold at about 130 authorized retail stores in the United States.
New president for Patek Philippe USA
Larry Pettinelli is the new president of the Henri Stern Watch Agency, the best-known Swiss luxury watch brands in the U.S. market.
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