| Thu 9 Feb 2006, 8:11 | | Richemont - Press Release |
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RCH
RCH
Richemont - Press Release
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
PRESS RELEASE
Richemont, the Swiss luxury goods group, announces the retirement of Mr Henry-
John Belmont, Director of Haute Horlogerie. Mr Belmont has accordingly resigned
from his position as a director of Richemont SA, the Group"s management board.
He will continue to act as a consultant to the Group on watch movement
development.
Mr Norbert Platt, Richemont Chief Executive Officer, said:
"Since joining Richemont in 2000, Henry-John has made an important contribution
to the success of our watchmaking operations. He has played a critical role
first as CEO of Jaeger-LeCoultre, thereafter taking charge of the integration of
Jaeger-LeCoultre, IWC and A. Lange & Soehne into the Group and, latterly,
leading the development of our watch movement strategy. I thank Henry-John for
the knowledge and expertise that he has brought to the Group and wish him a very
long and happy retirement."
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 five areas: Jewellery Maisons, being
Cartier and Van Cleef & Arpels; Specialist watchmakers, which is made up of
Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine
Panerai and A. Lange & Sohne; Writing instrument manufacturers - Montblanc and
Montegrappa; Leather and accessories Maisons, being Alfred Dunhill and Lancel;
and Other businesses, which includes, specifically, Chloe as well as other,
smaller Maisons and watch component manufacturing activities for third parties.
In addition to its luxury goods business, Richemont holds an 18.6 per cent
interest in British American Tobacco.
Further enquiries : Mr Alan Grieve
Director of Corporate Affairs
Compagnie Financiere Richemont SA
Tel. +41 22 721 3507
Analysts" inquiries: Ms Sophie Cagnard-Fabrici
Head of Investor Relations
Tel. +33 1 5818 2597
Compagnie Financiere Richemont SA
50 Chemin de la Chenaie
CH-1293 Bellevue, Geneva
Switzerland
Tel : +41 (0)22 721 3500
Fax : +41 (0)22 721 3550
www.richemont.com
9 February 2006
Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Date: 09/02/2006 08:11:17 AM Produced by the JSE SENS Department
