Richemont announces changes to board of directors

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Dr Frederick Mostert to resign this month after 20 years of service.

The Richemont Group has announced that Dr Frederick Mostert will resign from its Board of Directors and the Group Management Committee on December 31 2014 after more than 20-years of service.

Dr Mostert joined the Group in 1990 and was appointed to its Group Management Committee in 1994. He has served as a member of the Board of Directors since 2010.

As chief legal counsel, Dr Mostert will continue to serve the company as an employee until retirement in 2015. Following this, he will serve the company as a consultant in intellectual property matters.

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Chairman of the board Johann Rupert, commented: “Dr Frederick Mostert has informed me of his desire to extend his teaching commitments as a Law Professor and specialise in copyright and intellectual property rights more generally.

“Accordingly, he wishes to retire from the Company in 2015 and will retire from the Board of Compagnie Financière Richemont SA and from the Group Management Committee at the end of 2014

“The Company has benefited greatly from Frederick Mostert’s service with us for the past 25 years and we are extremely grateful to him for the contribution he has made. Richemont will be able to continue to benefit on an advisory and consultancy basis from Dr Mostert’s internationally acknowledged expertise in intellectual property law.”

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