Destino Announces Retirement

July 27, 1999

Destino Announces Retirement

Cartier's long-time chairman, Ralph Destino, announced he will retire from that position at the end of September 1999.

Destino will become chairman emeritus and continue to serve on the board of directors of Vendome North America, Cartier's parent company. He will also serve as a director for Van Cleef & Arpels Inc. and Hanover Direct Inc., which are owned by Richemont, Vendome's holding company.

Destino started with the company in 1973 as president of Cartier Far East and became president of Cartier USA in 1976. He also led the advance of the company's wholesale division, Les Must de Cartier Inc.

- by Stacey King