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Corum names Serge Weinberg chairman

August 20, 2008

La Chaux-de-Fonds, Switzerland—Corum has announced the appointment of Serge Weinberg as its new chairman of the board.

He replaces the recently deceased Severin Wunderman.

Weinberg is the former chairman of the management board of the Pinault-Printemps-Redoute Group, an umbrella company for a group of brands that include the Gucci Group and Puma. In 2005, he founded the investment firm Weinberg Capital Partners, and he is also the non-executive chairman of the Accor Group, a European leader in the hotels and tourism business.

The Corum Group Board will now be composed of Weinberg, Richard Tomlin Jr., managing director of the board, and Michael Wunderman, creative director of the board and son of Severin Wunderman.

Antonio Calce, chief executive officer, will continue to manage the global operations of the company and will report directly to the Corum Group Board.

"I welcome Serge Weinberg to our Corum Board," Michael Wunderman said in a media release. "My father's passing was a sudden shock and an incredible loss. My family and I are fortunate to have my father's dear friend Serge join us to continue the success of Corum and honor my father's legacy as a pioneer in the Swiss watch industry. Working together, I am confident that we will continue the success of Corum as one of the fastest-growing luxury watch companies in the world."
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