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Cartier CEO Quercize steps down
Stanislas de Quercize has resigned as head of the Richemont-owned brand for “personal reasons,” the company said Friday.
Paris--Cartier CEO Stanislas de Quercize has resigned for “personal reasons,” the brand’s parent company Richemont announced Friday.
The change is effective immediately, though Quercize will remain a Richemont group executive, taking over the role of chairman of Richemont France.
Cyrille Vigneron, the current president of LVMH Japan who worked at Richemont from 1988 to 2013, principally with Cartier, will replace him on Jan. 1, 2016.
Richemont did not immediately respond to an email inquiry Friday asking who will be running Cartier between now and Jan. 1.
The formal company announcement followed reports that surfaced earlier in the week claiming that the 25-year Richemont group veteran had been off work due to health problems, with Reuters citing one source as stating that Quercize was suffering from “burn-out.”
Richemont named Quercize CEO of Cartier in March 2012, bringing him over from Van Cleef & Arpels where he had been CEO since 2005. Prior to that, he held positions with a number of other Richemont brands, even serving as president of Cartier in the U.S. for a time.
In a company statement, Richemont Chairman Johann Rupert said, “We deeply regret that Stanislas has decided to stand down but must accept his decision.”
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