Richemont senior management changes

As announced by Richemont on March 26, 2012, Stanislas de

Quercize will succeed Bernard Fornas as Chief Executive Officer of Cartier with effect from January 1, 2013. From the same date, Fornas and Richard Lepeu, currently Deputy Chief Executive Officer, will be appointed as Joint Deputy Chief Executive Officers, reporting to Johann Rupert, Executive Chairman and Chief Executive Officer.

Rupert returned to the role of Richemont Chief Executive Officer when Norbert Platt took early retirement due to ill health in 2010. Rupert will step down from that role on 31 March 2013. From April 1, 2013, Fornas and Lepeu will become Joint Chief Executive Officers. Fornas’ specific role will be to oversee Richemont’s operating companies. Lepeu will continue to oversee Richemont’s central functions. Fornas and Lepeu together with Gary Saage, Chief Financial Officer, will form a Senior Executive Committee. In addition, the Board approved certain changes to Richemont’s Group Management Committee.

The following executives will join the Group Management Committee with immediate effect: Lutz Bethge, Chief Executive Officer of Montblanc; Hans-Peter Bichelmeier, Group Operations Director; Stanislas de Quercize, currently Chief Executive Officer of Van Cleef & Arpels and designated Chief Executive Officer of Cartier; Georges Kern, Chief Executive Officer of IWC Schaffhausen; Jérôme Lambert, Chief Executive Officer of Jaeger-LeCoultre; and Philippe Léopold-Metzger, Chief Executive Officer of Piaget.

The following executives will retain their responsibilities but, reflecting the changed role of the Group Management Committee, will resign from that Committee by the end of the current financial year: Giampiero Bodino, Group Art Director; Alan Grieve, Director of Corporate Affairs; Eloy Michotte, Corporate Finance Director; and Jan Rupert, Executive Director.