Richemont Securities AG
(Incorporated in Switzerland)
(Registration CH-170.3.013.861-6)
JSE Code : RCH
ISIN: CH0013157380
NEW CEO APPOINTED AT VAN CLEEF & ARPELS
Richemont, the Swiss luxury goods group, announces that Mr Stanislas de Quercize
has been appointed as President and Chief Executive Officer of Van Cleef &
Arpels. He will assume his new role in September 2005.
Mr de Quercize joined Richemont in 1990 and has a broad experience of the luxury
goods market, having worked in the Group`s Cartier, Montblanc and Alfred Dunhill
subsidiaries. Since 2002, he has been President and CEO of Cartier North
America.
Mr Michel Patout, acting CEO of Van Cleef & Arpels, will fulfil that position
until Mr de Quercize takes up his duties in September 2005 and will continue in
his role as Chief Financial Officer of the Maison thereafter.
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 18.3 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
19 April 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
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