| Mon 26 Mar 2012, 7:30 | | CFR - Compagnie Financiere Richemont SA - Senior executive appointment at |
|
CFR
CFR
CFR - Compagnie Financiere Richemont SA - Senior executive appointment at
cartier
Compagnie Financiere Richemont SA Depositary Receipts
issued by Richemont Securities SA
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR
COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE
SENIOR EXECUTIVE APPOINTMENT AT CARTIER
Richemont is pleased to announce the appointment, by the end of this calendar
year, of Mr Stanislas de Quercize as the Chief Executive Officer of Cartier to
succeed Mr Bernard Fornas, who reached the age of 65 earlier this month.
Mr de Quercize is currently Chief Executive Officer of Van Cleef & Arpels and
will continue in that role until he assumes his new position. Since 1989, he has
had an extensive career within the Group, having worked with Montblanc, Alfred
Dunhill, Cartier - where he rose to be President of Cartier Inc. in the United
States - and, since 2005, Van Cleef & Arpels.
Mr de Quercize will be succeeded as Chief Executive Officer of Van Cleef &
Arpels by Mr Nicolas Bos, currently Creative Director of Van Cleef & Arpels and
Chief Executive of Van Cleef & Arpels North America.
Johann Rupert, Executive Chairman and Chief Executive Officer of Richemont,
said:
"Over the last decade, Bernard Fornas has led Cartier in an entrepreneurial and
highly professional manner. He has been responsible during that period for
Cartier`s growth strategy and has overseen its geographical expansion, most
notably into new markets in Asia. Under Bernard`s leadership, Cartier has
thrived and is now exceptionally well positioned as the world`s pre-eminent
international jewellery Maison. This is due in no small measure to the
commitment, enthusiasm and hard work of Bernard and the excellent management
team that he has built.
Stanislas de Quercize has proved himself to be a highly effective leader at Van
Cleef & Arpels and has successfully overseen its development, fully respecting
the traditions and heritage of that Maison. I am sure that, under Stanislas`
future leadership, Cartier will continue to build upon its successes to date and
maintain its unparalleled position as King of Jewellers and Jeweller to Kings."
Mr Fornas will continue to have a senior management role within the Group,
working closely with Johann Rupert and Richard Lepeu. He will remain as a member
of Richemont`s Group Management Committee. In due course, Mr de Quercize will
also become a member of the Management Committee.
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 four areas: Jewellery Maisons, being
Cartier and Van Cleef & Arpels; Specialist watchmakers, being Jaeger-LeCoultre,
Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange &
Sohne and Roger Dubuis, as well as the Ralph Lauren Watch and Jewelry joint
venture; the Montblanc Maison; and Other, being Alfred Dunhill, Lancel, Net-a-
Porter and Chloe as well as other smaller Maisons and watch component
manufacturing activities for third parties.
Richemont `A` shares are listed on the SIX Swiss Exchange, Richemont`s primary
listing, and are included in the Swiss Market Index (`SMI`) of leading stocks.
Richemont South African Depository Receipts are listed in Johannesburg,
Richemont`s secondary listing.
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
26 MARCH 2012
Date: 26/03/2012 07:30:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
