REG - Watches of Switzlnd. - Directorate Change

Watches of SwitzerlandAnnouncement

03/05/2023 07:00

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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 (mailto:investor.relations@thewosgroup.com)

 

Headland

Lucy Legh / Rob Walker / Joanna Clark
 

+44 (0) 20 3805 4822

wos@headlandconsultancy.com (mailto: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 (http://www.thewosgroupplc.com/)

 

Supplemental information

Anders Romberg's base salary (£380,000 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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