CHANGES TO SENIOR MANAGEMENT

COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE

CHANGES TO SENIOR MANAGEMENT

25 MARCH 2013

Richemont announces the retirement of Ms Pilar Boxford, effective 1 April
2013. She will step down from the Group Management Committee at that time.
Reflecting the changed role of the Group Management Committee announced in
November 2012, Ms Boxford will not be replaced on the Committee.

Ms Boxford joined Cartier Paris in 1979 as Product Manager for the launch of
Cartier Parfums and subsequently became responsible for Cartier's worldwide
public relations strategy. Five years later, she transferred to Cartier London
as Communications Director. In 2004, Ms Boxford was appointed Group Public
Relations Director and joined the Group Management Committee. Following her
retirement, she will continue as a consultant, supporting the Maisons on key
public relations matters.

Mr Johann Rupert, Richemont Executive Chairman and Chief Executive Officer,
said

"After 33 years, Pilar's knowledge and her contribution to Cartier and our
other Maisons' unique position are demonstrated by their worldwide
reputations."

Further details regarding the Group Management Committee may be found on the
Group's website at:

http://www.richemont.com/about-richemont/corporate-governance/group-management-committee.html

______________________________________

About Richemont

Richemont owns a portfolio of leading international brands or 'Maisons', which
are managed independently of one another, recognising their individuality and
uniqueness. The businesses operate in four areas: Jewellery Maisons, being
Cartier and Van Cleef & Arpels; Specialist watchmakers, being
Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine
Panerai, A. Lange & Söhne and Roger Dubuis, as well as the Ralph Lauren Watch
and Jewelry joint venture; the Montblanc Maison; and Other, being Alfred
Dunhill, Chloé, Lancel and Net-a-Porter as well as other smaller Maisons and
watch component manufacturing activities for third parties.

Richemont 'A' shares are listed on the SIX Swiss Exchange, Richemont's primary
listing, and are included in the Swiss Market Index ('SMI') of leading stocks.
Richemont South African Depository Receipts are listed in Johannesburg,
Richemont's secondary listing.

Press Enquiries                Analysts' Enquiries

Alan Grieve                    Sophie Cagnard

Director of Corporate Affairs  Head of Investor Relations

Tel: +41 22 721 3507           Tel: +33 1 58 18 25 97

Email: pressoffice@cfrinfo.net Email: investor.relations@cfrinfo.net

Company Announcement (PDF)

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