Directorate Change

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

 [phone] / [phone]

[e-mail]

Headland

Lucy Legh / Rob Walker / Joanna Clark                                              

[phone]

[e-mail]

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 (£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

 

END