Cartier taps Louis Ferla as CEO

Vigneron has actually led Cartier because 2016, a period throughout which the brand name’s sales have more than increased, Morgan Stanley approximates. Cartier created EUR10.5 billion in sales in fiscal year 2024, per Morgan Stanley, making it the world’s biggest jeweler.

Ferla signed up with Richemont in 2001, beginning at Alfred Dunhill as area sales manager in Hong Kong and then as basic manager of Taipei. In 2006, he signed up with Cartier, where he held various senior executive settings, specifically throughout the Middle East, India and Africa, prior to being assigned chief executive officer of China. In 2015, he was promoted to the jewellery maison’s exec committee as global supervisor of customers and organization. Ferla has been CEO of Vacheron Constantin since 2017. In May 2023, Richemont stated that yearly sales at Vacheron Constantin, the largest brand name of the speciality watchmakers division, exceeded EUR1 billion. It’s Richemont’s 3rd largest brand after Cartier and Van Cleef & Arpels.

“He has actually gained the appreciation and respect of his associates across the group and of the industry at big for having brilliantly located Vacheron Constantin at the peak of haute horlogerie,” Richemont chairman Johann Rupert stated in a declaration.

“Cartier has enhanced in regards to regarded development and communication, which has actually led to greater appeal amongst more youthful customers,” Exane analyst Antoine Belge told Style Business in 2021. “The monitoring of the technology pipe has actually become more efficient, with Cartier finding the equilibrium in between nurturing iconic lines introduced years earlier and introducing brand-new lines.”

Rupert added: “I would love to share my thankfulness to Cyrille for his vision and vibrant management over the last eight years, under which Cartier has gotten to brand-new heights becoming the reference on the planet of luxury. I would additionally like to thank Cyrille for aiding identify Louis as his successor. I wish Cyrille all the most effective in his brand-new function, where I recognize he will certainly be dealing with subjects that he has actually constantly felt enthusiastic about.”

Last month, Richemont revealed an administration shuffle led by the appointment– efficient from 1 June– of Bos as team chief executive officer. This comes just a few days after Bloomberg reported that LVMH chairman and CEO Bernard Arnault had actually acquired a little risk in Richemont.

Vigneron, who is retiring after 8 years at the helm, will think the placement of chairman of Cartier culture and philanthropy and collaborate with Ferla to ensure a smooth transition, the Swiss luxury empire stated Tuesday. Chief commercial police officer Laurent Perves will certainly assume the role of acting chief executive officer for Vacheron Constantin, while primary financial police officer Philippe Hermann will certainly complete as interim chief executive officer for Jaeger-LeCoultre.

In 2006, he signed up with Cartier, where he held different elderly exec placements, namely across the Middle East, India and Africa, prior to being designated CEO of China. Ferla has been Chief Executive Officer of Vacheron Constantin because 2017. Rupert added: “I would certainly like to share my appreciation to Cyrille for his vision and vibrant management over the last eight years, under which Cartier has reached new elevations coming to be the recommendation in the globe of high-end.