Mr. Ricardo Guadalupe, former Managing Director of the Company, and personal friend of Mr. Jean Claude Biver with whom he has been working since nearly 20 years, has been appointed Chief Executive Officer effective January 1^st 2012.

This step was planned a long time ago in consideration of Mr. Guadalupe’s significant and instrumental achievements together with Mr. Jean Claude Biver since joining Hublot in 2005.

Mr. Jean Claude Biver will continue to serve Hublot as the company’s Chairman of the Board, and as in the past give his precious insights into business strategy and product development. As the official spokesperson of Hublot, Mr. Biver will also coordinate communications activities with the press, collectors as well as trade and industry.

“There is a time for learning, a time for doing, a time for handing over, and a time for moving on. I’ve happily made it safe and sound to the hand-over stage. With the gratification of being able to hand over to a friend and colleague of more than twenty years. And happiness at the prospect of remaining part of the team on matters relating to strategy, products and corporate relations”.