| Fri 29 May 2009, 7:30 | | CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont appoints |
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CFR
CFR
CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont appoints
Marty Wikstrom as CEO of its fashion and accessories businesses
Compagnie Financiere Richemont SA Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR
("Richemont" or "the Company")
RICHEMONT APPOINTS MARTY WIKSTROM AS CEO OF ITS FASHION AND ACCESSORIES
BUSINESSES
The Board of Compagnie Financiere Richemont SA is pleased to announce the
appointment of Ms. Martha (Marty) Wikstrom as Chief Executive Officer of the
Group`s Fashion and Accessories Businesses with immediate effect. Ms. Wikstrom`s
principal area of responsibility will be Richemont`s Alfred Dunhill, Lancel,
Chloe, Azzedine Alaia and Shanghai Tang Maisons. She will be based in London
and will report to Johann Rupert, Richemont`s Executive Chairman.
Commenting on Ms. Wikstrom`s appointment, Johann Rupert said:
`I am delighted that Marty has accepted our invitation to join the Group in an
executive capacity to head up our fashion and accessories businesses. The
creation of this new position and Marty`s appointment reaffirms Richemont`s
commitment to our fashion and accessories MaisonsRegistered.
Marty brings to Richemont her considerable experience and knowledge of how to
build and nurture enduring consumer relationships across a breadth of brands and
product categories. She has the proven ability to translate extraordinary
customer service into business expansion.`
Ms. Wikstrom has served as a non-executive director of Compagnie Financiere
Richemont SA since 2005. She will remain a member of the Board of the Company in
an executive capacity. She has extensive experience in speciality retailing,
having been President of Nordstrom`s Full Line Store Group in the USA and
Managing Director of Harrods Limited. Ms. Wikstrom is a founding partner in
Atelier Management, LLC, which specialises in the acquisition and development of
luxury brands.
Further information:
Press enquiries: Analysts` inquiries:
Mr. Alan Grieve Ms. Sophie Cagnard
Director of Corporate Affairs Head of Investor Relations
Tel: +41 22 721 3507 Tel. +33 1 5818 2597
29 MAY 2009
Richemont owns a portfolio of leading international brands or
`MaisonsRegistered`, 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, A. Lange & Sohne and Roger Dubuis; Writing
instruments - Montblanc; Leather and accessories Maisons, being Alfred Dunhill
and Lancel; and Other businesses, which includes, specifically, Chloe and
Shanghai Tang as well as other, smaller Maisons and watch component
manufacturing activities for third parties.
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
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: 29/05/2009 07:30:01 Produced by the JSE SENS Department.
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