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COMPAGNIE FINANCIERE RICHEMONT SA - Changes to senior management

Release Date: 21/05/2013 07:30
Code(s): CFR     PDF:  
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Changes to senior management

Compagnie Financière Richemont SA Depositary Receipts
issued by Richemont Securities SA ("Richemont Securities" or "Richemont")
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR


COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE

CHANGES TO SENIOR MANAGEMENT

Compagnie Financière Richemont SA announces the resignation of Marty Wikstrom from her role as Chief Executive Officer of Richemont Fashion and Accessories with immediate effect. She will continue to serve as a Non-Executive Director on the Board of Compagnie Financière Richemont SA until the shareholders meeting to be held on 12 September 2013.

Ms Wikstrom was first appointed to the Board in 2005 and served as a Non-Executive Director until 2009. In 2009, she became an Executive Director upon her appointment as Chief Executive Officer of Richemont Fashion and Accessories. In that role, she has overseen the strategic development of six of Richemonts Maisons, including Alfred Dunhill, Azzedine Alaia, Chloé and Lancel. Since 2009, Ms Wikstrom has also served as a member of the Chairmans Committee and the Group Management Committee. She steps down from those Committees.

The Board of Directors would like to thank Ms Wikstrom for her many contributions to the Group, transitioning the fashion and accessories businesses and positioning them for further prosperous growth. 
	
Further details regarding the Board of Directors may be found on the Groups website at: http://www.richemont.com/about-richemont/corporate-governance/board-of-cfr-sa.html 

______________________________________


About Richemont
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 four areas: Jewellery Maisons, being Cartier and Van Cleef & Arpels; Specialist watchmakers, being Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange & Söhne and Roger Dubuis, as well as the Ralph Lauren Watch and Jewelry joint venture; the Montblanc Maison; and Other, being Alfred Dunhill, Chloé, Lancel and Net-a-Porter as well as other smaller Maisons and watch component manufacturing activities for third parties.

Richemont 'A' shares are listed on the SIX Swiss Exchange, Richemonts primary listing, and are included in the Swiss Market Index ('SMI') of leading stocks. Richemont South African Depository Receipts are listed in Johannesburg, Richemonts secondary listing.

Press Enquiries
Alan Grieve
Director of Corporate Affairs
Tel: +41 22 721 3507
Email: pressoffice@cfrinfo.net

Analysts Enquiries
Sophie Cagnard
Head of Investor Relations
Tel: +33 1 58 18 25 97
Email: investor.relations@cfrinfo.net


21 MAY 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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