Richemont Appoints New CEO at Cartier

Richemont Appoints New CEO at Cartier
Richemont Appoints New CEO at Cartier

The famous jewelry brand Cartier will have a new CEO from September 1st. (archive)

Photo: KEYSTONE/CHRISTIAN BEUTLER

Richemont announced on Tuesday the appointment of Louis Ferla as the new CEO of luxury brand Cartier, succeeding Cyrille Vigneron as of September 1.

Mr. Ferla is currently head of Geneva-based Vacheron Constantin, which he joined in 2017, the group said in a statement. A French national, he joined Richemont in 2001, starting with luxury clothing and accessories brand Alfred Dunhill as sales director in Hong Kong and then as general manager in Taipei. In 2016, Mr. Ferla was hired by Cartier where he held several management positions, including in the Middle East, India and Africa, before being appointed general manager in China. In 2015, he was promoted to the jewelry house’s executive committee as international client and business director.

Mr. Vigneron, who has decided to retire after eight years at the helm of Cartier, will assume the role of president of Cartier Culture and Philanthropy as of September 1, the Parisian label added. In addition, he will take over the presidency of the Watches and Wonders foundation as of July 1.

Richemont reported record annual sales of €20.6 billion for the 2023/2024 financial year, up 3% year-on-year. The group’s jewelry sales rose 6% to €14.2 billion.

/ATS

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