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Richemont NA executive director to retire

October 17, 2006

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Geneva—Callum Barton, president and chief executive officer of Richemont North America, will retire on Oct. 31. He will also step down from his position on the company's board of directors.

Barton joined Richemont in 1975 as part of the original "Les Must de Cartier" team. Since then, he has held senior management positions at the functional, brand and regional levels of the group.

Daniel Mawicke, chief operating officer of Richemont North America, will take over as president and chief executive officer of the company.

Mawicke, an American, joined the group in 1994 after working with Coopers and Lybrand in the United States and Switzerland. He became chief financial officer of Richemont in 1999 and chief operating officer in 2003.

Richemont owns luxury jewelry companies Cartier and Van Cleef and Arpels; watch companies A. Lange and Sohne, Baume and Mercier, IWC, Jaeger-LeCoultre, Officine Panerai, Piaget and Vacheron Constantin; and leather, accessories and fashion brands.
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