Reorganisation at EssilorLuxottica

EssilorLuxottica has reorganised the way it is governed and rebalanced powers after executive vice chair Hubert Sagnières decided to retire.

The company’s board of directors adjusted its organisation as Sagnières would leave all his executive responsibilities at the company and remain as non-executive vice chair.

In order to preserve equal powers of the business combination agreement, Leonardo Del Vecchio would voluntarily step back from executive responsibilities and remain as non-executive chair of the company.

Francesco Milleri and Paul du Saillant have been appointed as CEO and deputy CEO of EssilorLuxottica, respectively, until the appointment of the new board in 2021. Du Saillant has also been appointed chair and CEO of Essilor International.