RICHEMONT SECURITIES AG - CHANGE TO THE BOARD OF DIRECTORS
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
(`Richemont`)
CHANGE TO THE BOARD OF DIRECTORS
Richemont, the Swiss luxury goods group announces that Mr Yannick Lakhnati,
Chief Operating Officer, has resigned from his position and will leave the Group
on 31 May 2005. He will remain as director of Richemont SA, Luxembourg until
that time.
Mr Lakhnati is leaving for personal reasons and will be returning to South
Africa. He joined Richemont in 2003.
Group Chief Executive Officer, Norbert Platt, said:
`I am sorry that Yannick has decided at this time to return home to South
Africa. He has contributed significantly to the Group`s performance since his
appointment. We wish him every success for the future.`
No decision has been taken as to the appointment of a replacement for Mr
Lakhnati.
Richemont owns a portfolio of leading international brands including Cartier,
Van Cleef & Arpels, Alfred Dunhill, Montblanc and Lancel as well as the
prestigious watch manufacturers Jaeger-LeCoultre, Piaget, Baume & Mercier, IWC,
Vacheron Constantin, A. Lange & Sohne and Officine Panerai.
In addition to its luxury goods business, Richemont holds an 18.7 per cent
interest in British American Tobacco.
Further inquiries: Mr Alan Grieve
Director of Corporate Communications
Compagnie Financiere Richemont SA
Tel. +41 22 715 3736
Analysts inquiries: Mrs Sophie Cagnard-Fabrici
Head of Investor Relations
Tel. +33 1 5818 2597
Compagnie Financiere Richemont SA
8 Boulevard James-Fazy CH-1201 Geneva Switzerland
Telephone +41 (0)22 715 3500 Telefax +41 (0)22 715 3550 www.richemont.com
21 December 2004
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE FINANCE
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