Net-a-Porter director Dr Frederick Mostert will retire from his duties at the etailer and its owners the Richemont Group, effective December 31.
Mostert, who is a chief legal counsel for the luxury group, which also owns Purdey, Alfred Dunhill and Chloé, will step down from the board but remain a consultant on intellectual property matters.
He joined Richemont in 1990 before joining its management committee in 1994 and later the board of directors in 2010.
Chairman of the board Mr Johann Rupert said: The company has benefited greatly from Frederick Mostert’s service with us for the past 25 years and we are extremely grateful to him for the contribution he has made. Richemont will be able to continue to benefit on an advisory and consultancy basis from Dr Mostert’s internationally acknowledged expertise in intellectual property law.”
A spokesperson told Drapers Mostert’s replacement is being considered but no decision has been taken as yet.