| Tue 17 Oct 2006, 8:08 | | Richemont - Retirement of executive director |
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RCH
RCH
Richemont - Retirement of executive director
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
RETIREMENT OF EXECUTIVE DIRECTOR
Richemont, the Swiss luxury goods group, announces the retirement of Mr
Callum Barton, currently President and Chief Executive of Richemont North
America, Inc. effective 31 October 2006. Mr Barton will also step down from
his position as a member of the Board of Directors of Richemont SA, the
Group"s management board.
Mr Barton joined the group in 1975 in Paris as part of the original `les
Must de Cartier" team. His career has spanned different functions and he
has held senior management positions at the functional, brand and regional
levels.
Mr Barton"s role as President and CEO of Richemont North America will be
taken over by Mr Daniel Mawicke, currently Chief Operating Officer of that
company. Mr Mawicke, a US national, joined the Group in 1994, having
formerly worked with Coopers and Lybrand in the USA and Switzerland. He was
appointed Chief Financial Officer of Richemont North America in 1999 prior
to becoming Chief Operating Officer in 2003.
Mr Johann Rupert, Richemont Executive Chairman, said:
"Callum has been a friend and trusted colleague for over thirty years. He
was an integral part of the original Cartier management team and he has
made a substantial contribution to the development of Richemont. Over the
years he has been a wonderful ambassador for the various Maisons. Although
Callum will be sorely missed, I am very happy to report that he has agreed
to help me in a special consultancy role for the next three years."
Mr Callum Barton, President & CEO Richemont North America, said:
"It has been an enormous privilege to have participated in the
extraordinary growth of Richemont"s luxury businesses over the last years
and to have worked for and with such a talented group of people".
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 18.8 per cent
interest in British American Tobacco.
Further Information:
Press enquiries:
Mr Alan Grieve
Director of Corporate Affairs
Tel. +41 22 721 3507
Analysts" inquiries:
Ms Sophie Cagnard-Fabrici
Head of Investor Relations
Tel. +33 1 5818 2597
17 October 2006
Date: 17/10/2006 08:08:03 AM Produced by the JSE SENS Department
