Frederick Mostert to step down from Richemont board
Luxury group Richemont has announced that Dr Frederick Mostert will step down from its board of directors and group management committee at the end of the year.
Having joined Richemont in 1990, Mostert was appointed to the group management committee in 1994 and has served as a board member since 2010.
Richemont said Mostert will continue to work as an employee in the role of chief legal counsel until his retirement in 2015. Thereafter, he will continue to work with the group as a consultant in intellectual property matters.
Johann Rupert, chairman of the Richemont board, said: “The company has benefited greatly from Frederick Mostert’s service with us for the past 25 years and we are extremely grateful to him for the contribution he has made. Richemont will be able to continue to benefit on an advisory and consultancy basis from Dr Mostert’s internationally acknowledged expertise in intellectual property law.”
Richemont’s brands include Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc.
