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COMPAGNIE FINANCIERE RICHEMONT SA - Richemont announces changes to its senior executive committee

Release Date: 10/11/2017 08:05
Code(s): CFR     PDF:  
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Richemont announces changes to its senior executive committee

Compagnie Financiere 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

RICHEMONT ANNOUNCES CHANGES TO ITS SENIOR EXECUTIVE COMMITTEE

10 NOVEMBER 2017


Richemont, the Swiss luxury goods group, wishes to announce the following changes to its Senior Executive Committee.


Chief Operating Officer

Mr Jérôme Lambert has been appointed to the newly created role of Chief Operating Officer.  Mr Lambert will be responsible for all Maisons other than Cartier and Van Cleef and Arpels.  In addition, he will continue to be responsible for the Richemont regional support platforms and central support services, excluding Finance, Human Resources and Technology.


Specialist Watchmakers

To assist Mr Lambert, Mr Emmanuel Perrin, currently International Sales Director of Cartier, will be appointed Head of Specialist Watchmakers Distribution.  In this newly created position, he will be responsible for the coordination of all Specialist Watchmakers' distribution strategies.  Mr Perrin will join the Senior Executive Committee effective immediately.


Commenting on the changes, Mr Johann Rupert, Chairman, said:

"The changes announced today will continue our transformation of the Specialist Watchmakers' business models to meet the demands of today's environment.  Mr Perrin, in his twenty-five years with the Group, has been successful with Van Cleef and Arpels and, most recently, Cartier, in developing partnerships with our wholesale partners. A prime area of focus will be matching supply with end customer demand."

______________________________________


COMPAGNIE FINANCIÈRE RICHEMONT SA
50, CHEMIN DE LA CHENAIE CP30 1293 BELLEVUE - GENEVA SWITZERLAND
TELEPHONE +41 (0)22 721 3500 TELEFAX +41 (0)22 721 3550
WWW.RICHEMONT.COM


Investor and Media contact

Sophie Cagnard
Group Corporate Communications Director

James Fraser
IR Executive

Investor relations    Tel:  +41 (0) 22 721 30 03    E-mail: investor.relations@cfrinfo.net
Press enquiries       Tel:  +41 (0) 22 721 35 07    E-mail: pressoffice@cfrinfo.net;
                                                            richemont@teneobluerubicon.com


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 and Arpels and Giampiero Bodino; Specialist Watchmakers, being A. Lange and Söhne, Baume and Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Officine Panerai, Piaget, Roger Dubuis and Vacheron Constantin as well as the Ralph Lauren Watch and Jewellery joint venture; and Other, including Alfred Dunhill, Azzedine Alaïa, Chloé, Lancel, Montblanc and Peter Millar as well as watch component manufacturing activities.
In addition, Richemont holds a 49% equity-accounted interest in the YOOX Net-A-Porter Group, a publicly traded company.

For the financial year ended 31 March 2017, Richemont reported sales of EUR 10 647 million, operating profit of EUR 1 764 million and profit for the year of EUR 1 210 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.


10 NOVEMBER 2017

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