SWAROVSKI ANNOUNCES NEW CHIEF FINANCIAL OFFICER

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MÄNNEDORF, Switzerland, Feb. 16, 2023 /PRNewswire/ -- Swarovski names David Wielemans  new Chief Financial Officer as of April 2023. David Wielemans will also become new member of Swarovski's Executive Committee and will report to Chief Executive Officer Alexis Nasard. Mr. Wielemans will be based in Männedorf, Switzerland. In this role, Mr. Wielemans is replacing Mr. Frederik Westring, currently CFO ad interim, who will leave Swarovski at the end of June to pursue other interests. Until then, Mr. Westring will continue leading special projects, reporting to the CEO, Alexis Nasard.

This appointment is a further step in the transformation of the company and represents another phase of Swarovski's luxurization journey.

David Wielemans is a senior financial executive with rich luxury and retail experience, with deep subject matter financial expertise. He joins from Essilor/Luxottica where his last role was the Co-CFO for the EssilorLuxottica Group as well as the Group CFO for Essilor International.

David Wielemans holds a Master of Finance and Accounting (DECF) degree from CNAM Paris (Conservatoire National des Arts et Métiers)

Alexis Nasard, CEO, says "I am pleased to announce the appointment of this well- rounded and experienced leader. The breadth and depth of his expertise aligns  perfectly with Swarovski's LUXignite strategy and will be a key asset as we continue our luxurization journey toward sustainable, profitable growth.

I, and everyone at Swarovski are deeply grateful for the contributions Frederik Westring brought to the Company over the past six years. He was a key player in shaping our new strategy, and in strengthening our results".

David Wielemans comments on his appointment, "I am delighted to join Swarovski. The combination of an iconic brand, fashion and retail expertise and a deep manufacturing savoir-faire makes Swarovski unique. I look forward to contributing to the success of LUXignite strategy and to anchoring robust financials together with Alexis and all Swarovski colleagues.

ABOUT SWAROVSKI
Masters of Light Since 1895

Swarovski creates beautiful crystal-based products of impeccable quality and craftsmanship that bring joy and celebrate individuality.

Founded in 1895 in Austria, the company designs, manufactures and sells the world's finest crystal, gemstones, Swarovski Created Diamonds and zirconia, jewelry, and accessories, as well as crystal objects and home accessories. Swarovski Crystal Business has a global reach with approximately 2,400 stores and 6,700 points of sales in around 140 countries and employs more than 18,000 people. Together with its sister companies Swarovski Optik (optical devices) and Tyrolit (abrasives), Swarovski Crystal Business forms the Swarovski Group. A responsible relationship with people and the planet is part of Swarovski's heritage. Today this legacy is rooted in sustainability measures across the value chain, with an emphasis on circular innovation, championing diversity, inclusion and self-expression, and in the philanthropic work of the Swarovski Foundation, which supports charitable organizations bringing positive environmental and social impact.

SOURCE Swarovski