The board of directors of Samsonite International S.A. announced that with effect from January 1, 2017, Mr. Arne Borrey will assume the role of President, Europe of the company and its consolidated subsidiaries. Mr. Borrey previously served as President, Europe of the Group from 2004 to 2009 and he has more than 20 years' prior experience working for the Group in Europe. Mr. Borrey will be responsible for the overall management and development of the business in Europe. Mr. Fabio Rugarli, who currently serves as the Group's President, Europe, will assume the position of Managing Director of the Group's business in Italy. Mr. Rugarli will drive the growth of the company's business in Italy and will also play a strategic role in developing new business initiatives.