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Hublot is pleased to announce that Mr. Ricardo Guadalupe, former Managing Director of the brand 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, 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 brand’s Chairman of the Board, and as in the past give his precious insights into business strategy and product development.