| Wed 14 Jul 2010, 7:31 | | CFR - Richemont Board of Directors |
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CFR
CFR
CFR - Richemont Board of Directors
Compagnie Financiere Richemont SA Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR
PRESS RELEASE
RICHEMONT BOARD OF DIRECTORS
Richemont proposes the following changes to the board of directors of Compagnie
Financiere Richemont SA.
Mr Guillaume Pictet, a Geneva-based investment manager, and Maitre Dominique
Rochat, a partner in the Geneva office of the attorneys Lenz & Staehelin, will
be proposed for election to the board at the Annual General Meeting to be held
on 8 September 2010. Both gentlemen will serve as non-executive directors.
Maitre Jean-Paul Aeschimann will not be seeking re-election at the Annual
General Meeting. Maitre Aeschimann has served as Richemont`s Deputy Chairman
since its formation in 1988.
Commenting on Maitre Aeschimann`s decision, Johann Rupert, Executive Chairman
and Chief Executive Officer of Richemont, said:
Quote
Maitre Aeschimann has made an enormous contribution to the Group both as a
director and as a valued advisor over the last 22 years. We owe Maitre
Aeschimann an immense debt of gratitude for the role that he has played over
that period, not only as Deputy Chairman but also as Chairman of the Audit
Committee and as a member of the Compensation and Nominations Committees. His
astute comments and broad understanding of the issues facing the Group will be
missed.
Unquote
The other members of the current board of directors will stand for re-election
at the Annual General Meeting and, as previously announced, Mr Josua Malherbe,
Dr Frederick Mostert and Mr Gary Saage will stand for election for the first
time.
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Compagnie Financiere Richemont SA
50, Chemin de la Chenaie 1293 Bellevue - Geneva Switzerland
Telephone +41 (0)22 721 3500 Telefax +41 (0)22 721 3550
www.richemont.com
14 JULY 2010
Date: 14/07/2010 07:31:01 Produced by the JSE SENS Department.
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