Richemont Appoints Gary Saage as CFO in Management Reshuffle

Richemont, a luxury goods group, has announced the following changes to the board of directors of Compagnie Financière Richemont.

Norbert Platt will give up his role as chief executive officer (CEO) on 31 March 2010. He will remain on the board as a non-executive director. Johann Rupert, currently executive chairman, will combine his position with the role of CEO with effect from 1 April 2010. Richard Lepeu, currently group finance director, will assume the role of deputy CEO.

Gary Saage will become chief financial officer (CFO) and Dr Frederick Mostert has been appointed chief counsel of the group. Both gentlemen will be proposed for election to the board of Compagnie Financière Richemont at the Annual General Meeting to be held in September 2010.


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