March 26, 2012 | Cartier

Richemont Appoints Stanislas de Quercize CEO of Cartier

Reuters has just reported that Richemont has appointed Stanislas de Quercize, as CEO of the Cartier."De Quercize, at present CEO of Richemont subsidiary Van Cleef & Arpels, will replace long-time Cartier chief Bernard Fornas at the end of the year when Fornas is due to retire, Richemont said."

International Watch magazine says, "De Quercize will be succeeded as CEO of Van Cleef & Arpels by Nicolas Bos, currently creative director of Van Cleef & Arpels and chief executive of Van Cleef & Arpels North America."

Cartier is the cash cow of the Richemont group, according to analyst Jon Cox, "Cartier represents half of group sales and two-thirds of operating profit."

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