Management changes at Cartier and Baume & Mercier

The Richemont Group announces today that Mr Bernard Fornas has been appointed as Chief Executive of Cartier. He replaces Mr Guy Leymarie, who has left the Group for personal reasons, according to Richemont's media release.

Mr Fornas joined Richemont nine years ago and is currently Chief Executive of Baume & Mercier. Prior to joining Baume & Mercier in 2001, he was Marketing Director of Cartier. Mr Fornas' role at Baume & Mercier will be taken over by Mr Michel Nieto, currently Marketing and Communications Director at Baume & Mercier.

Richemont is a Swiss luxury goods group. The Group owns a portfolio of leading international brands including Cartier, Van Cleef & Arpels, Dunhill, Montblanc and Lancel as well as the prestigious watch manufacturers Jaeger-LeCoultre, Piaget, Baume & Mercier, IWC, Vacheron Constantin, A. Lange & SÖhne and Officine Panerai.

30 October 2002