Tuesday, December 16, 2008

Rolex C.E.O. Patrick Heiniger Resigns

Rolex C.E.O. Patrick Heiniger Resigns

Rolex GENEVA issued the following press release:

GENEVA, December 16, 2008

Mr. Patrick Heiniger, has informed the Board of Directors of Rolex S.A. of his decision to step down as CEO and administrator at the end of this year in order to pursue personal interests.

In 1992, he followed after his father, Mr. André Heiniger; under his leadership, Rolex companies worldwide have sustained unprecedented growth.

Mr. Heiniger will remain available as an adviser to the Rolex Group and to carry out any missions entrusted to him.

Management and Board of Directors will proceed in the conduct of the Group's business.