Cartier CEO Stanis­las de Quer­cize Re­signs

Solitaire - - SPECTRUM -

Geneva-based lux­ury goods maker Richemont an­nounced that Stanis­las de Quer­cize, the chief ex­ec­u­tive of­fi­cer of Cartier, has re­quested that he be al­lowed to step down from his cur­rent po­si­tion and from the group man­age­ment com­mit­tee for per­sonal rea­sons. This change is ef­fec­tive im­me­di­ately. De Quer­cize will re­main as a group ex­ec­u­tive, tak­ing over the role of chair­man of Richemont France.

Suc­ceed­ing de Quer­cize as chief ex­ec­u­tive of­fi­cer of Cartier will be Cyrille Vi­gneron, cur­rently the pres­i­dent of LVMH Ja­pan. Prior to join­ing the LVMH Group, Vi­gneron worked with Richemont from 1988 to 2013. He worked prin­ci­pally with Cartier, ris­ing to be­come man­ag­ing di­rec­tor of Cartier Ja­pan, pres­i­dent of Richemont Ja­pan, and fi­nally, man­ag­ing di­rec­tor of Cartier Europe.

LVMH and Richemont have agreed that Vi­gneron will for­mally as­sume his new po­si­tion on Jan­uary 1, 2016.

In his ca­pac­ity as chief ex­ec­u­tive of­fi­cer of Cartier, Vi­gneron will be­come a mem­ber of the Group Man­age­ment Com­mit­tee from Jan­uary 1, 2016. There­after, he will be nom­i­nated for elec­tion to Com­pag­nie Fi­nan­cière Richemont’s board of di­rec­tors in Septem­ber 2016.

Jo­hann Rupert, chair­man of Richemont, said: “Stanis­las de Quer­cize has had a su­perb ca­reer to date, hav­ing worked with Cartier, Montblanc and Al­fred Dun­hill prior to tak­ing up po­si­tions as chief ex­ec­u­tive of Van Cleef & Ar­pels and Cartier. I and all my col­leagues on the board, in man­age­ment and across both Richemont and Cartier, recog­nise his com­mit­ment, work ethic and en­thu­si­asm. We

Stanis­las de Quer­cize deeply re­gret that Stanis­las has de­cided to stand down but must ac­cept his de­ci­sion.

“Cyrille Vi­gneron is an old col­league and a highly ca­pa­ble and ef­fec­tive leader. We wel­come him back to Cartier. I look for­ward to a smooth tran­si­tion from Stanis­las to Cyrille and know that he will have the full sup­port of Cartier man­age­ment and em­ploy­ees. I look for­ward to Cyrille’s con­tri­bu­tion to fur­ther build­ing Cartier’s rep­u­ta­tion as the world’s lead­ing jew­ellery and haute hor­logerie mai­son.”

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