Richemont Securities AG - Press Release
Richemont Securities AG
(Incorporated in Switzerland)
(Registration CH-170.3.013.861-6)
JSE Code : RCH
ISIN: CH0013157380
PRESS RELEASE
Richemont, the Swiss luxury goods group announces that Ms Isabelle Guichot,
Chief Executive Officer of Van Cleef & Arpels and of Lancel, will leave the
Group and resign her position as a director of Richemont SA, the Group`s
management board, at the end of January 2005.
Ms Guichot has resigned to diversify her experience in the luxury goods
industry; she will be taking up a position in another organisation, which is
more dedicated to fashion.
Mr Johann Rupert, Executive Chairman, said:
`Isabelle indicated her intention to leave to me in December and I have tried
since then to persuade her to stay. I appreciate her rationale for leaving and
want to thank her for her great contribution and intense dedication throughout
the 19 years she has worked in the Group at Cartier, Van Cleef & Arpels and more
recently Lancel. I know that her professionalism and her personality will be
sincerely missed throughout the Group.
We all wish her the best in her future responsibilities and I sincerely hope
that our paths will cross in the future.`
Mr Philippe Berlan, Managing Director of Lancel will take over full management
responsibility for the Maison. At Van Cleef & Arpels, Mr Michel Patout,
currently CFO, will assume management responsibility until further notice. Both
will report directly to Mr Norbert Platt.
Richemont owns a portfolio of leading international brands including Cartier,
Van Cleef & Arpels, Alfred Dunhill, Montblanc and Lancel as well as 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 18.8 per cent
interest in British American Tobacco.
Further enquiries:
Mr Alan Grieve
Director of Corporate Communications
Compagnie Financiere Richemont SA
Tel. +41 22 715 3736
Analysts` inquiries:
Ms 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 January 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 21/01/2005 08:01:13 AM
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