Watches of Switzerland Group PLC Directorate Change (1869Y)
May 03 2023 - 2:00AM
UK Regulatory
TIDMWOSG
RNS Number : 1869Y
Watches of Switzerland Group PLC
03 May 2023
3 May 2023
Watches of Switzerland Group PLC
Directorate Change
Watches of Switzerland Group PLC ("the Group") today announces
that Bill Floydd will be standing down from his role as Chief
Financial Officer from 12 May 2023 by mutual agreement.
Effective from this date, Bill will be succeeded by Anders
Romberg, who previously served as the Group's CFO for seven years
from 2014 to 2021. Bill will remain available to support the
transition and a handover of responsibilities until 31 October
2023.
Brian Duffy, CEO, said: "On behalf of the Board, I would like to
thank Bill for his valuable contribution to the Group and we wish
him well for the future. I am delighted that Anders is re-joining
the business. He has a strong track record of financial leadership
and thorough knowledge of our Group, as well as the specialist
luxury watch and jewellery categories, and I look forward to
working with him again."
Bill Floydd, outgoing CFO, said: "I have enjoyed my time at
Watches of Switzerland and would like to extend my thanks to Brian
and the wider team for their support. The company has a bright
future and I look forward to seeing its continued success."
Anders Romberg, incoming CFO, said: "I am very pleased to be
returning to the Watches of Switzerland Group and to once again be
working alongside Brian and the team to deliver our long-term
strategy and to capitalise on the wealth of growth opportunities
available to us."
Contacts
The Watches of Switzerland Group
Stephanie Crinnegan, Director of Investor Relations &
Corporate Affairs
+44 (0) 207 317 4600 / +44 (0) 776 710 0603
investor.relations@thewosgroup.com
Headland
Lucy Legh / Rob Walker / Joanna Clark
+44 (0) 20 3805 4822
wos@headlandconsultancy.com
About the Watches of Switzerland Group
The Watches of Switzerland Group is the UK's largest luxury
watch retailer, operating in the UK, US and Europe comprising five
prestigious brands; Watches of Switzerland (UK and US), Mappin
& Webb (UK), Goldsmiths (UK), Mayors (US) and Betteridge (US),
with a complementary jewellery offering.
As at 29 January 2023, the Watches of Switzerland Group had 192
showrooms across the UK, US and Europe including 77 dedicated
mono-brand boutiques in partnership with Rolex, OMEGA, TAG Heuer,
Breitling, TUDOR, Audemars Piguet, Grand Seiko, BVLGARI and FOPE
and has a leading presence in Heathrow Airport with representation
in Terminals 2, 3, 4 and 5 as well as seven retail websites.
The Watches of Switzerland Group is proud to be the UK's largest
retailer for Rolex, OMEGA, Cartier, TAG Heuer and Breitling
watches.
www.thewosgroupplc.com
Supplemental information
Anders Romberg's base salary (GBP380,000 per annum), maximum
bonus (125% of base salary) and minimum annual performance share
plan award (175% of base salary) are the same as his predecessor's
and within the limits set out in the Group's Directors'
Remuneration Policy, approved by shareholders. Anders has chosen to
opt out of the 3% pension allowance.
The Group confirms that there is no further information to be
disclosed under the requirements of Listing Rule 9.6.13R
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END
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