Richemont has recently announced the appointment of Mr. Stanislas de Quercize as the Chief Executive Officer of Cartier by the end of this calendar year to succeed Mr. Bernard Fornas, who reached the age of 65 earlier this month. Mr. de Quercize is currently Chief Executive Officer of Van Cleef & Arpels and will continue in that role until he assumes his new position. Since 1989, he has had an extensive career within the Group, having worked with Mont Blanc, Alfred Dunhill, Cartier – where he rose to be President of Cartier Inc. in the United States – and, since 2005, Van Cleef & Arpels. Mr. de Quercize will be succeeded as Chief Executive Officer of Van Cleef & Arpels by Mr. Nicolas Bos, currently Creative Director of Van Cleef & Arpels and Chief Executive of Van Cleef & Arpels North America.