EssilorLuxottica: Laurent Vacherot retires & Paul du Saillant to step in at EssilorLuxottica
March 30 2020 - 12:00PM
EssilorLuxottica: Laurent Vacherot retires & Paul du Saillant
to step in at EssilorLuxottica
Laurent Vacherot
retiresPaul du Saillant to step in at
EssilorLuxottica
Charenton-le-Pont, France (March 30,
2020 – 6pm) – The Board of Directors of EssilorLuxottica,
which met today, co-opted Paul du Saillant as a new Director of the
Company in place of Laurent Vacherot, former CEO of Essilor
International, who retired. Effective immediately, Mr. du Saillant
will take over Mr. Vacherot’s responsibilities, including the role
of CEO for Essilor International and the co-executive delegate
powers previously granted to Mr. Vacherot on May 13, 2019 by
Leonardo Del Vecchio, Executive Chairman, and Hubert Sagnières,
Executive Vice Chairman. In this capacity, he will work directly
with Francesco Milleri, Deputy Chairman and CEO of Luxottica Group,
to develop and implement the EssilorLuxottica strategy and
integration process.
In light of the current COVID-19 outbreak, the
Board of Directors also decided today to postpone the Annual
Shareholders’ Meeting from May 15, 2020 to June 25, 2020 and to
hold it behind closed doors.
Additionally, the Board of Directors decided to
re-evaluate its previous decision on dividend distribution
announced on March 6, 2020 at a later date. At such later date, the
Board of Directors may decide whether to confirm, reduce or cancel
dividends based on the evolution of the situation.
EssilorLuxottica is a global leader in the
design, manufacture and distribution of ophthalmic lenses, frames
and sunglasses. Formed in 2018, its mission is to help people
around the world to see more, be more and live life to its fullest
by addressing their evolving vision needs and personal style
aspirations. The Company brings together the complementary
expertise of two industry pioneers, one in advanced lens technology
and the other in the craftsmanship of iconic eyewear, to set new
industry standards for vision care and the consumer experience
around it. Influential eyewear brands including Ray-Ban and Oakley,
lens technology brands including Varilux® and Transitions®, and
world-class retail brands including Sunglass Hut and LensCrafters
are part of the EssilorLuxottica family. In 2019, EssilorLuxottica
had over 150,000 employees and consolidated revenues of Euro 17.4
billion. The EssilorLuxottica share trades on the Euronext Paris
market and is included in the Euro Stoxx 50 and CAC 40 indices.
Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg:
EL:FP.
CONTACTS
EssilorLuxottica Investor
Relations(Charenton-le-Pont) Tel: + 33 1 49 77 42
16(Milan) Tel: + 39 (02) 8633 4870E-mail:
ir@essilorluxottica.com |
EssilorLuxottica Corporate
Communications(Charenton-le-Pont) Tel: + 33 1 49 77 45
02(Milan) Tel: + 39 (02) 8633 4470E-mail:
media@essilorluxottica.com |
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