Rosier announced Mr. Daniel Richir tendered his resignation as Managing Director of Rosier SA and CEO of the Rosier Group, effective of the November 12, 2014. Mr. Richir will become a non executive director in the function of senior advisor. Mr. Richir joined Rosier in October 1976.

The Board of Directors appointed - on the proposal of the nomination and remuneration committee - from the November 12, 2014, Mr. Willy Raymaekers as Managing Director of Rosier SA and CEO of the Rosier Group. Mr. Raymaekers will remain Chairman of the Board of Directors, an office which he has held since the June 28, 2013.