INDUSTRY NEWS: Richemont announces new board member

Richemont has announced the nomination of Wendy Luhabe for election to the board. She will serve as a non-executive director and become a member of the board’s nominations committee.

Luhabe was chair of Vendôme South Africa, Richemont’s subsidiary, from 2001 to 2011. She has more than twenty-five years of board experience across companies including Tiger Brands, Vodacom, the Johannesburg Stock Exchange, the International Marketing Council, and Alliance Capital.

She founded the Women Private Equity Fund, South Africa’s first private venture capital fund for women, and was the founding chair of both Women in Infrastructure Development and Energy, whose goal is the economic empowerment of women, and Bridging the Gap, an organisation that equips black graduates with corporate skills.

Luhabe also established a scholarship at the University of Johannesburg.

Richemont’s Annual General Meeting will be held at 10:00. at its registered office on Wednesday September 9, 2020. The Board of Directors has decided, pursuant to Article 27 of the Ordinance 3 of the Swiss Federal Council ‘on Measures to Combat the Coronavirus (COVID-19)’ of 19 June 2020, to hold the meeting behind closed doors.

Shareholders are invited to submit voting instructions through the Company’s registrar, Computershare Schweiz AG, or by sending them directly to the independent representative of the shareholders, Etude Gampert & Demierre, Notaires. Detailed instructions on how to vote can be found in the notice of meeting posted on Richemont’s website on 12 August 2020.

Richemont has also released its 2020 Sustainability Report, which is available at this link. It includes a chapter outlining the actions undertaken by the Group between January and May 2020, both internally and externally, in response to COVID-19.

Categories: Industry news, Switzerland, watches, Watchmaking


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