Louis Ferla, the current CEO of Vacheron Constantin, will succeed Cyrille Vigneron as the CEO of Cartier within Richemont, effective September 1. Vigneron, who led Cartier for eight years, will transition to the role of Chairman of Cartier Culture and Philanthropy to ensure a smooth handover. This move marks a significant management reshuffle within Richemont, with Ferla praised for his leadership at Vacheron Constantin and Vigneron credited for Cartier's sales growth during his tenure. The appointment aligns with Richemont's strategy to maintain its luxury brands' success, with Cartier being a key revenue driver alongside Vacheron Constantin.