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Mr. Roland Streule, member of the Executive Management Board of The Swatch Group Ltd, retired at the end of March 2012.

For some time now, Mr. Streule had planned to leave at the age of retirement at the end of March 2012. Mr. Streule was responsible for the Rado brand until 2010. In 2011, he was in charge of the integration and expansion of the Swatch Group distribution company in South Africa. The company had been taken over 100% in 2009. Mr. Streule worked in the Swatch Group for thirty-four years, in various functions.

Mr. Streule will represent Swatch Group in the Board of the Association of Swiss Watchmakers VdU for another year.