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Essilor: the boss retires

2020-03-27T17:51:35.979Z

EXCLUSIVE - Laurent Vacherot, CEO of Essilor International, is about to leave office at the head of the French giant in corrective lenses.



A major surprise at EssilorLuxottica, when a governance crisis has been shaking the world leader in optics for eighteen months, born from the merger between the Italian Luxottica and the French Essilor. Nine months after being entrusted with key responsibilities on the board of directors of EssilorLuxottica, Laurent Vacherot, the managing director of Essilor International, is preparing to leave his functions at the head of the French giant of corrective lenses.

Read also: Léna Henry: consolidating Essilor as a major player in optics in France

According to our information, he warned Thursday evening Hubert Sagnières, president of Essilor International and co-CEO of EssilorLuxottica, of his intention to assert his retirement rights. Leonardo Del Vecchio, the other co-CEO of the Franco-Italian group (and its main shareholder, with 32% of the capital), and Francesco Milleri, the boss of Luxottica, were informed in the process. A few weeks ago, these last two, strong men of the Italian clan, had vainly asked for the head of Laurent Vacherot on the board of EssilorLuxottica,

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Source: lefigaro

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