Sunday, July 7, 2024

Richemont Appoints New CEOs for Cartier and Van Cleef & Arpels

Geneva—Richemont has made significant changes to its executive team, appointing new CEOs for Cartier and Van Cleef & Arpels from within its ranks.

Cartier Leadership Change

Cyrille Vigneron, who has served as CEO of Cartier for the past eight years, will retire on September 1. Vigneron, with decades of experience in the luxury industry, will transition to the role of Chairman of Cartier Culture and Philanthropy, assisting during the handover period.

Louis Ferla, currently the CEO of Vacheron Constantin, will succeed Vigneron as CEO of Cartier. Ferla, who joined Richemont in 2001, has held various senior roles within the company, including positions at Alfred Dunhill, Cartier in the Middle East, India, and Africa, and as CEO of Cartier China. He joined Vacheron Constantin as CEO in 2017.

Richemont’s Chairman of the Board, Johann Rupert, expressed his enthusiasm for Ferla’s new appointment. “I am delighted Louis has accepted to take on the top role at Cartier. His experience and leadership qualities will prove invaluable for Cartier’s long-term success,” Rupert stated. He also thanked Vigneron for his visionary leadership, under which Cartier achieved significant growth.

Van Cleef & Arpels Leadership Change

Catherine Rénier, the current CEO of Jaeger-LeCoultre, will become the new CEO of Van Cleef & Arpels, succeeding Nicolas Bos, who has been appointed CEO of Richemont. Rénier’s new role will also commence on September 1.

Rénier has been with Richemont for over 20 years, starting as Cartier North America’s Retail Development Director in New York in 1999. She has held numerous senior positions, including Deputy Marketing Manager at Van Cleef & Arpels in Paris and Commercial Director in the Asia Pacific region. In 2018, she became CEO of Jaeger-LeCoultre.

Nicolas Bos welcomed Rénier’s new appointment. “I am delighted Catherine will be taking on the role of CEO of Van Cleef & Arpels. Her mix of experience and leadership skills, coupled with her deep knowledge of the maison, will ensure Van Cleef & Arpels’ long-term success,” he said.

Interim Leadership at Jaeger-LeCoultre

Philippe Hermann, the Chief Financial Officer of Jaeger-LeCoultre, will serve as interim CEO until a permanent replacement for Rénier is appointed.

These leadership changes are set to bring new energy and perspectives to Cartier and Van Cleef & Arpels, positioning them for continued success in the luxury market.

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