Omega has signed an agreement with the IOC to be the official timekeeper for the Olympic Games through 2020. The signing ceremony and announcement took place at the Olympic Museum in Lausanne, Switzerland. Omega’s relationship with the Olympics dates to the 1932 Los Angeles games, where they became the first company entrusted with the official timekeeping for all events.
The new agreement cements Omega’s position for the winter games in Sochi, Russia in 2014, and the games of 2016, 2018 and 2020. Omega’s current IOC contract, signed in 2001, expires with the Games of the XXX Olympiad in London in 2012. The signing ceremony for the new agreement got under way when IOC President Jacques Rogge and Nicolas G. Hayek Sr., the Chairman of the Swatch Group, rang one of the Olympic bells used to signal the beginning of a final lap in the longer sporting competitions. Mr. Rogge and Mr. Hayek were joined at the event by Nick Hayek Jr., the Group’s CEO, and Stephen Urquhart, the President of Omega.