| Mon 11 Jun 2007, 7:30 | | RCH - Richemont Securities AG - Retirement of Exec |
|
RCH
RCH
RCH - Richemont Securities AG - Retirement of Executive Director
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
RETIREMENT OF EXECUTIVE DIRECTOR
Richemont, the Swiss luxury goods group, announces the retirement of Mr
Piet Beyers effective 30 June 2007. Mr Beyers, Marketing Services Director,
will step down from his position as a member of the Board of Directors of
Richemont SA, the Group`s management board.
Mr Beyers joined the Board of Richemont SA in 2000, with broad
responsibility for marketing intelligence and related advisory services to
the Group`s Maisons. He will not be replaced on the board of Richemont SA.
His role as head of the Marketing Services Department will be taken over by
Ms Anne Delliere, who has worked with him in the department since 2003.
Mr Johann Rupert, Richemont Executive Chairman, said:
"I have worked with Piet over the last 10 years both at Rothmans and at
Richemont. He has been an innovative thinker, a trusted advisor and a good
friend. We will all miss his insight into both the luxury industry in
general and, in particular, his critical analysis of the approach taken to
marketing luxury products by companies both inside and outside the Group.
We wish Piet all the best for a very long and enjoyable retirement."
11 June 2007
Further Information:
Press enquiries: Mr Alan Grieve
Director of Corporate Affairs
Tel. +41 22 721 3507
Analysts` inquiries : Ms Sophie Cagnard-Fabrici
Head of Investor Relations
Tel. +33 1 5818 2597
Richemont owns a portfolio of leading international brands or `Maisons`,
which are managed independently of one another, recognising their
individuality and uniqueness. The businesses operate in five areas:
Jewellery Maisons, being Cartier and Van Cleef & Arpels; Specialist
watchmakers, which is made up of Jaeger-LeCoultre, Piaget, IWC, Baume &
Mercier, Vacheron Constantin, Officine Panerai and A. Lange & Sohne;
Writing instrument manufacturers - Montblanc and Montegrappa; Leather and
accessories Maisons, being Alfred Dunhill and Lancel; and Other businesses,
which includes, specifically, Chloe as well as other, smaller Maisons and
watch component manufacturing activities for third parties.
In addition to its luxury goods business, Richemont holds a 19 per cent
interest in British American Tobacco.
Compagnie Financiere Richemont SA
50, Chemin de la Chenaie CH-1293 Bellevue - Geneva Switzerland
Telephone +41 (0)22 721 3500 Telefax +41 (0)22 721 3550 www.richemont.com
Date: 11/06/2007 07:30:01 Produced by the JSE SENS Department.
