<ET Net News Agency, 5 December 2011> Esprit Holdings (00330) said Chew Fook Aun has
resigned as Executive Director and Group Chief Financial Officer effective on or before 1
June 2012.
Esprit announced its transformation plan leading up to 2014/15 in September and has now
moved into the execution phase. In order to ensure the timely execution of the plan,
Esprit has started regrouping various strategic functions in its business headquarters in
Ratingen, Germany and in Europe at large for the duration of the transformation process.
This would also require the Group Chief Financial Officer to travel extensively to Europe
to supervise the implementation of the transformation plan.
However, Chew is unable to spend the required time in Europe in addition to his duties
as Group Chief Financial Officer in Hong Kong due to personal reasons.
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