HERMÈS - 2018 Registration document

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Corporate Governance

Supervisory Board’s report on corporate governance

Executive Management

Role

Composition at 31/12/2018

The Executive Management ensures the manage- ment of Hermès International. The role of the Executive Chairman is to manage the Group and act in its general interest, within the scope of the corporate purpose and subject to those powers expressly granted by law or by the Articles of Association to the Supervisory Board, to the Active Partner and to Shareholders’ General Meetings. The ExecutiveChairmendistributedtheirrolesasfollows: Mr Axel Dumas is in charge of strategy and operatio- nal management, and Émile Hermès SARL, through its Executive Management Board, is responsible for the vision and strategic areas. Shareholding obligations At its meeting of 21 March 2017, the Supervisory Board decided that the Executive Chairmen should each be required to hold a minimum of 1,000 Hermès International shares pursuant to Article 22 of the AFEP- MEDEF Code. The two Executive Chairman comply with this requirement. The Group management is comprised of the Executive Chairman and the Executive Committee, which consists of managing directors, each of whom has well-defined areas of responsibility. It comprises eight members. Its role is to oversee the Group’s strategic and ope- rational management. The Executive Committee meets every two weeks. Its composition reflects the Group’s main areas of expertise. Executive Committee Role

The Executive Chairmen are appointed by the Active Partner, after consultation with the Supervisory Board. In accordance with the Articles of Association, the Executive Management comprises one or two Executive Chairmen, who are natural persons, Active Partners or fromoutside the Company, each having the same powers and duties. The term of office of the Executive Chairmen is open-ended. s s Mr Axel Dumas appointed by the Active Partner on 4 June 2013 (effective 5 June 2013). Executive Chairman s s The company Émile Hermès SARL Executive Chairman

(represented by Henri-Louis Bauer) appointed by the Active Partner on 14 February 2006 (effective 1 April 2006).

Composition at 31/12/2018

Executive Chairman

s s Mr Axel Dumas s s Mr Florian Craen s s Ms Charlotte David

Executive Vice-President Sales & Distribution Executive Vice-President Communication

Artistic Executive Vice-President

s s Mr Pierre-Alexis Dumas

Executive Vice-President of Governance and Organisational Development Executive Vice-President of Digital Projects and E-commerce

s s Mr Olivier Fournier

s s Mr Wilfried Guerrand

Executive Vice-President Finance

s s Mr Éric du Halgouët s s Mr Guillaume de Seynes

Executive Vice-President Manufacturing division & Equity Investments

As at 31 December 2018

Average seniority on the Executive Committee

6 years 5 years 51 years 14.29%

Average seniority in their positions:

Average age:

Percentage of women 1

(1) Excluding Executive Chairman.

2) Mr Wilfried Guerrand was appointed Executive Vice-President of the Métiers (Hermès Woman, Hermès Man, Hermès Jewellery, Hermès Silk and Textiles, and Hermès Home), Information Systems and Data. 3) Digital communication is now headed up by Ms Charlotte David, Executive Vice-President Communication, and e-commerce by Mr Florian Craen, Executive Vice-President, Sales.

Changes to the Executive Committee after 31 December 2018 A reorganisation took place on 1 April 2019: 1) Ms Catherine Fulconis, Executive Vice-President in charge of the Leather Goods - Saddlery (which also includes the Hermès Horizons and Equestrian métiers ) and petit h métiers joined the Executive Committee.

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2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL