Vacheron Constantin - New CEO

Richemont announces the retirement of Claude-Daniel Proellochs, Chief Executive of Vacheron Constantin, at the end of the year. Paying tribute to him, Richemont Group CEO, Norbert Platt, said: "For the last 17 years, Claude-Daniel has steered Vacheron Constantin to a pre-eminent position in the Haute Horlogerie market. This has been borne out by the success enjoyed by the brand during this, its 250th anniversary year. We thank him for his dedication and the immense contribution he has made to the development of Vacheron Constantin. He has been a passionate advocate for the Maison and, most importantly, has protected and enhanced the proud Vacheron Constantin heritage."

On the 1st of October 2005, Claude-Daniel Proellochs position within Vacheron Constantin will be taken by his current deputy, Juan-Carlos Torres, a Swiss national who has worked with Vacheron Constantin since 1981, initially in an accounting role before rising to become Finance Director in 1987, Finance and Manufacturing Director in 2000 and, latterly, Deputy Chief Executive in 2002.

September 27, 2005