COMPAGNIE FINANCIERE RICHEMONT SA - Change to Richemont Board of Directors

Release Date: 17/07/2018 07:30
Code(s): CFR
 
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Change to Richemont Board of Directors

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


COMPANY ANNOUNCEMENT 


17 JULY 2018


CHANGE TO RICHEMONT BOARD OF DIRECTORS


Richemont, the Swiss luxury goods group, announces that it proposes Ms Sophie Guieysse for election as an Executive Director to the Board of Directors of Compagnie Financière Richemont SA. The election will take place at the next Annual General Meeting, to be held on 10 September 2018.

Ms Guieysse is currently Group Human Resources Director of Richemont and a member of its Senior Executive Committee. Ms Guieysse will report to Mr Lambert, Group Chief Operating Officer, equally member of the Senior Executive Committee and a Director on the Board of Compagnie Financière Richemont SA.

Ms Guieysse joined Richemont in her current capacity in October 2017 from Dior where she had been advising on the future of luxury in a connected world. She serves on the Board of Directors of Maisons du Monde and is Chairman of the Nominations & Compensation Committee. In addition, Ms Guieysse is a member of the Remuneration Committee of Paris 2024 Olympic Games Organising Committee and of the 2023 Rugby World Cup Organising Committee.

Details regarding the Board of Directors may be found on the Group's website at: http://www.richemont.com/about-richemont/corporate-governance/board-of-cfr-sa.html


About Richemont

Richemont owns a portfolio of leading international 'Maisons' which are recognised for their distinctive heritage, craftsmanship and creativity. The Group operates in three segments: Jewellery Maisons, being Cartier, Van Cleef & Arpels and Giampiero Bodino; Specialist Watchmakers, being A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Officine Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, including Alfred Dunhill, Azzedine Alaïa, Chloé, Montblanc and Peter Millar as well as watch component manufacturing activities.

In addition, Richemont owns YOOX NET-A-PORTER GROUP S.p.A., the world's leading online luxury retailer.

For the financial year ended 31 March 2018, Richemont reported sales of EUR 10 979 million, operating profit of EUR 1 844 million and profit for the year of EUR 1 221 million.

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


Investor/analyst and media contacts

Sophie Cagnard, Corporate Communications Director
James Fraser, Investor Relations Executive

Investors/analysts        +41 22 721 30 03        investor.relations@cfrinfo.net
Media                     +41 22 721 35 07        pressoffice@cfrinfo.net
                                                  richemont@teneobluerubicon.com


COMPAGNIE FINANCIERE RICHEMONT SA
50, CHEMIN DE LA CHENAIE | CASE POSTALE 30 | 1293 BELLEVUE | GENEVA | SWITZERLAND
TELEPHONE +41 (0)22 721 3500
WWW.RICHEMONT.COM


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


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