Summary by Moomoo AI
L'Occitane International S.A. (“Auchrudan”) announces that Mr. André Joseph Hoffmann, its current Chief Executive Officer and Vice Chairman, will resign on 31 March 2024. Mr. Hoffmann said his resignation was in order to focus on other matters and would continue to focus on the company's strategy and policies. The Board confirms that Mr. Hoffmann's resignation is not in dispute with the Board and does not require special notice to shareholders or the HKEX Limited. He will be replaced by Mr. Laurent Marteau, who will officially serve as Chief Executive Officer from April 1, 2024. Mr. Marteau will work with Mr. Hoffmann for the remainder of this fiscal year to ensure a smooth transition. Mr. Marteau has more than 20 years of experience in the global beauty industry, having worked for LVMH Group and La Prairie Group. In addition, Mr. Marteau currently holds beneficial interests in the Company's shares and outstanding shares.