Richemont has announced that Frederick Mostert will resign from the Board of Directors and the Group Management Committee with effect from December 31, 2014. 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 the Chief Legal Counsel, he will continue to serve the company as an employee until retirement in 2015. Thereafter, he will continue to serve the group as a consultant in intellectual property matters.