Richemont has classified the writing-instrument business Montegrappa as a 'discontinued operation' and is actively in sale negotiations. Norbert Platt, who had previously shaped Montblanc decisively and had been CEO of Richemont for five years, announced his withdrawal at the end of the year; later it became known that the resignation took place for health reasons. During his term, group turnover grew to record levels, and operating profit exceeded the one-billion-euro mark. His strategic swing at Montblanc away from the inexpensive writing instrument towards the luxury brand with extended range is regarded across the industry as defining.