Vacheron Constantin is pleased to announce the appointment of Juan Carlos Torres as Non-Executive Chairman, and Mr. Louis Ferla will take over as Chief Executive Officer. The new appointment will take effect on April 1, 2017.
Mr. Tao Ruisi joined Vacheron Constantin in 1981 and has been the CEO of the brand since 2005. On March 31, 2017, he will retire from operational management and remain in the position of non-executive chairman.
Johann Rupert, Executive Chairman of Richemont Group, said: ‘Since Richemont Group’s acquisition of Vacheron Constantin, Mr. Tao Ruisi has been the backbone of the brand. Under his leadership, Vacheron Constantin has achieved significant development. Thanks for his hard work in the long and successful career of the Vacheron Constantin brand. ‘
Mr. Lu Yisi (currently Managing Director of Brand Global Sales and Marketing) will take over as CEO of Vacheron Constantin on April 1, 2017. He said: ‘Since its establishment in 1775, Vacheron Constantin’s watchmaking skills have been passed down from generation to generation. I am very honored to lead Vacheron Constantin to continue its brilliant achievements. Through the transition with Mr. Tao Ruisi, we will always adhere to the spirit of excellence that drives the continuous development of the brand. ‘
Mr. Tao Ruisi said: ‘I am very happy to transfer my authority to Mr. Lu Yisi. I have spent a happy and significant time with Vacheron Constantin in the past 36 years. I believe he will do the same. Mr. Lu Yisi will also be active Uphold and enhance the brand value we have inherited for nearly three centuries. ‘