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Tue 30 Oct 2001, 0:00 Richemont Board Appointment
Richemont Societe Anonyme
Share Code:  RCH
ISIN Code:  CH0001609723
PRESS RELEASE
Richemont Board Appointment
Richemont, the Swiss luxury goods group, today announced the appointment of
Henry-John Belmont as Chief Executive of Richemont's specialist Watch
Division (which consists of Jaeger-LeCoultre, Piaget, Baume & Mercier, IWC,
Vacheron Constantin, A. Lange & Sohne and Officine Panerai) and, as such, a
Director of Richemont Societe Anonyme, the Group's Management Board.  This
appointment was necessitated by the tragic death of Mr Gunther Blumlein some
weeks ago.  Mr Belmont is currently Chief Executive of Jaeger-LeCoultre and
was a long time colleague of Mr Blumlein at Les Manufactures Horlogeres SA,
prior to the acquisition of that company by Richemont last year.
Franco Cologni will continue as Executive Chairman of both Cartier and
Richemont's specialist Watch Division.
Enquiries:
Mr Alan Grieve, Company Secretary
Telephone:   + 41 41 710 33 22
Telefax:     + 41 41 711 71 02
Compagnie Financiere Richemont AG
Rigistrasse 2 CH-6300 Zug Switzerland
Telephone 042 22 33 22
Telefax   042 21 71 02
Telex     862 336 CFR CH
www.richemont.com
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