“This is a milestone moment for EssilorLuxottica because we have successfully mapped out our go-forward strategy and initiated the first concrete moves of the integration. This younger and more focussed executive team brings together ample experience of the combination with Luxottica in many key areas and illustrates the rich talent pool of Essilor. By sending the form above, I acknowledge that I have read the Privacy Notice and that I have been fully informed of the terms and conditions under which Essilor International processes my personal data. EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses enabling people everywhere to learn, to work and to fulfil their potential. EssilorLuxottica’s Governance organization comprises four committees, which support, assist and advise the Group’s Board of Directors on four topics. It consists of four members and its chair is held by a Director designated by Delfin. Formed in 2018, its … An integration committee, led by Leonardo Del Vecchio and Hubert Sagnières, will ensure a smooth and successful integration of Essilor and Luxottica. Together with them and a rejuvenated management team, we can make Essilor even more agile, reactive and resilient. This is necessary to rebound faster when the recovery comes, fulfill our mission of improving lives by improving sight and further our integration with Luxottica. Company profile page for EssilorLuxottica SA including stock price, company news, press releases, executives, board members, and contact information In parallel, the Board of Directors of Essilor SAS is being streamlined to 5 members from the previous 15, with a view to simplify decision processes and reduce the overlap with the EssilorLuxottica Board of directors. Tel: +33 (0)1 49 77 45 02, Media Relations This site uses cookies. Charenton-le-Pont, FRANCE. #01 Connected life: take care of your eyes! The representative of Valoptec at the Board of EssilorLuxottica will integrate the Strategic and the Integration Committees of the Company. EssilorLuxottica and Delfin sign settlement agreement to solve EssilorLuxottica’s governance issues and unlock the Group’s potential to accelerate the integration process This is necessary to rebound faster when the recovery comes, fulfill our mission of improving lives by improving sight and further our integration with Luxottica. Paul du Saillant has served as Deputy CEO of Essilor since 2019 and as COO from 2010 to 2019. EssilorLuxottica has 150,616 employees across 2 locations and €10.80 B in annual revenue in FY 2018. The main duties of the Appointment and Compensation Committee within the work of the Board of Directors consist of making some proposals relating to the appointment of the Corporate officers and the Company’s senior managers,  the assessment of the way the Board and its committees operate, assessment of EssilorLuxottica Governance with respect to the Best practices, prevent any conflict of interest concerning a corporate officers or a Company’s senior managers, the compensation of the corporate officers or a Company’s senior managers. Del Vecchio and Hubert Sagnières, who serves as vice chairman of the merged organization, empowered Francesco Milleri (deputy chairman – CEO of Luxottica Group) and Laurent Vacherot (CEO of Essilor International) to “develop and implement the EssilorLuxottica strategy and integration process, accelerating the simplification of the new Group by integrating the two operating … The association will join EssilorLuxottica's strategy and integration committee. This Committee submits proposals to the Board, which approves any major strategic decisions. Together, we will make EssilorLuxottica stronger”, said Paul du Saillant, CEO of Essilor. For better navigation,we recommend viewing the sitein portrait mode, VISUAL HEALTH, A MAJOR PUBLIC HEALTH CONCERN, Addressing the global need and reaching the 2.7 billion underserved, VISUAL HEALTH, A MAJOR PUBLIC HEALTH CONCERN, #02 Presbyopia: Improving vision for today’s consumers & lifestyles. The Corporate Social Responsibility Committee consists of four members. Together, we will make EssilorLuxottica stronger”, said Paul du Saillant, CEO of Essilor. EssilorLuxottica: First-half 2019 results - Combination at work and acceleration of the integration process - Strong free cash flow First-half 2019 results Combination at … The merger integration … Maïlis Thiercelin Ray-ban owner EssilorLuxottica draws line under Franco-Italian feud Add a Comment The Audit and Risk Committee is in charge of monitoring issues relating to the compilation and audit of accounts and financial information as well as the efficiency of the internal audit and risk management systems. essilorluxottica X This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. The Integration Committee, led by the Chairman and the Vice Chairman and supported by two integration leaders with deep knowledge of the Essilor and Luxottica … The Corporate Social Responsibility Committee consists of four members. AIAA Integration and Outreach Committees (IOCs) are differentiated from technical committees in that they are focused on the cross-discipline integration/ programmatic and societal interface/ outreach areas of interest of the Institute, and often span more than one technical discipline in their scope. By continuing to browse the site you are agreeing to our use of cookies. Paul du Saillant has served as Deputy CEO of Essilor since 2019 and as COO from 2010 to 2019. He holds a degree from École Centrale de Paris. The Strategy Committee consists of six members but, unless otherwise determined by a joint decision of the EssilorLuxottica Executive Chairman and the EssilorLuxottica Executive Vice-Chairman, all Board members shall be invited to attend (but not to vote at) its meetings, except for meetings convened to discuss sensitive and significant acquisition projects. The industrial rationale of the combination is even stronger when looking at all the opportunities raised during the meetings of the integration committee. Please attach your CV and letter of motivation which we will review carefully. Following the closing, EssilorLuxottica has a share capital made of 358,840,853 shares. * Essilor will be renamed EssilorLuxottica and the appointment of the EssilorLuxottica Board will come into effect as from the completion of the contribution of the Luxottica shares from Delfin to Essilor Page 1 of 2 Essilor shareholders approve the combination between Essilor … Find out more about cookies Close message. EssilorLuxottica was created out of the October merger of Essilor, a Paris-based lense maker, and Luxottica, the maker of frames controlled by Del Vecchio. Corporate Communications Luxottica Group is a leader in premium, luxury and sports eyewear with over 7,400 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin America and Europe, and a To complete the combination of the two companies, Delfin, the majority shareholder of Luxottica, contributed its 62.42 per cent stake in Luxottica to Essilor on October 1, 2018. Prior to this, he was COO of Lhoist Group and Senior Executive Vice President of Air Liquide. Charenton-le-Pont, France (March 30, 2020 – 6:00 p.m.) – In view of recent world changes, it has become necessary for Essilor to speed up its integration with Luxottica in order to build a more resilient, flexible and agile combined organization. EssilorLuxottica Investor Relations (Charenton-le-Pont) Tel: + 33 1 49 77 42 16 (Milan) Tel: + 39 (02) 8633 4870 E-mail: ir@essilorluxottica.com EssilorLuxottica Corporate Communications Until the expiration of the Initial Term, an integration committee will be established and it will be co-chaired by the EssilorLuxottica Executive Chairman and the EssilorLuxottica Executive Vice-Chairman, to provide a forum for them to - among other things - review integration issues, define measures required to implement synergies and foster the development of a cohesive management. This is necessary to rebound faster when the recovery comes, fulfill our mission of improving lives by improving sight and further our integration with Luxottica. Together, we will make EssilorLuxottica stronger,” said du Saillant. It is composed of Chrystel Barranger, Ernesto Diaz, Paul du Saillant, Rick Gadd, Norbert Gorny, Éric Léonard, Grita Loebsack, Frédéric Mathieu, Bernhard Nuesser, Arnaud Ribadeau Dumas, Éric Thoreux and David Wielemans. This opens in a new window. An Integration Committee will be put in place, co-chaired by EssilorLuxottica Executive Chairman and EssilorLuxottica Executive Vice-Chairman, to provide a forum for them and define measures required to implement the Integration and the synergies. The company brings together the complementary expertise of two industry pioneers, one in advanced lens technologies and the other in the craftsmanship of iconic eyewear, to create a vertically-integrated business that is uniquely … EssilorLuxottica is acquiring GrandVision from Dutch private equity (PE) group HAL – which holds a 76.72 percent majority stake in GrandVision – at a cash purchase price equal to €28 per share – to be increased by 1.5 percent to €28.42 if closing of the acquisition does not occur within 12 months from the announcement date (31 July 2019). Ginette de Matteis They will not perceive any remuneration in respect of their office as Directors. The main duty of the Committee consists of regularly reviewing the overall Group’s strategy, including, but not limited to, acquisition, divestment, products and technology, growth and financial strategy as well as its geographical and marketing strategies, and making recommendations to the Board of Directors in this respect. It is chaired by a Director who was a member of the Board of Directors of Essilor in office as of the date of the Combination Agreement and designated by Essilor. To this end, Paul du Saillant, 61, is appointed CEO of Essilor. Paul du Saillant has named a single combined management committee in order to optimize the integration process. The Nomination and Compensation Committee consists of four members; the chair of the Committee is held by a Director who was a member of the Board of Directors of Essilor in office as of the date of the Combination Agreement and designated by Essilor. However, please continue to check our website as we regularly publish new job offers. Tel: +33 (0)1 49 77 45 02, 147 rue de Paris, 94220 The remaining 56.8% of the shares are being publicly held. As I assume my new responsibilities, I think first about our employees whose dedication and commitment in these difficult times need to be praised. See insights on EssilorLuxottica including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. The Strategy Committee consists of six members but, unless otherwise determined by a joint decision of the EssilorLuxottica Executive Chairman and the EssilorLuxottica Executive Vice-Chairman, all Board members shall be invited to attend (but not to vote at) its meetings, except for meetings convened to discuss sensitive and significant acquisition projects. “I’m honored to be asked to lead Essilor in its next development phase. Its main shareholders are Delfin (38.93% of capital with voting rights capped at 31%) and EssilorLuxottica employees (4.9%). • Leonardo Del Vecchio, executive chairman of EssilorLuxottica, and Hubert Sagnieres, executive vice chairman, have empowered Francesco Milleri (deputy chairman and CEO of Luxottica Group) and Laurent Vacherot (CEO of Essilor International) with the responsibility to develop and implement the EssilorLuxottica strategy and integration process, accelerating the simplification of the new group by … According to EssilorLuxottica, the agreement has empowered deputy chairman and CEO of Luxottica Group Francesco Milleri and Essilor International CEO Laurent Vacherot with the responsibility to execute EssilorLuxottica’s strategy and integration process. I would like to warmly thank Laurent for leading our Company in several key roles over the past 28 years. * PDF or Word document EssilorLuxottica, a fully integrated player, is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Du Saillant has named a single combined management committee in order to optimize the integration process. Its chair is held by a Director designated by Delfin. He leaves it in very good shape financially, with a strong mission and a solid operational foundation on which to build for the future”, commented Hubert Sagnières, Chairman of Essilor. It works in coordination with the Corporate Social Responsibility Committee which is in charge of monitoring the sustainable development and corporate social responsibility, fully integrated in the strategy. The Management committee leads Essilor, driven by its historic human values, at the core of which lie diversity, entrepreneurial spirit and employee shareholding. “I’m fully confident in Paul’s ability to write a successful new page in the integration of Essilor and Luxottica, together with a renewed team of energized young executives. They will lead Essilor, driven by its historic human values, at the core of which lie diversity, entrepreneurial spirit and employee shareholding. An integration committee, led by Leonardo Del Vecchio and Hubert Sagnieres, will ensure a smooth and successful integration of Essilor and Luxottica. EssilorVirtualExperience.com: Best-in-class customer immersive journey. The Integration & Alignment Committee (IAC) works to recommend appropriate changes to early childhood systems and improve coordination integration, and advance racial equity across early childhood programs and funding streams in order to address the comprehensive nature of children’s healthy development and readiness for school. LONDON—The management of EssilorLuxottica presented its strategic vision, integration progress and long-term financial guidelines at the company’s 2019 Capital Markets Day held here today. Executive chairman of EssilorLuxottica, Leonardo Del Vecchio, said: “I’m very pleased about this outcome. He joined the group in 2008 as Director of Strategy. The new EssilorLuxottica board of directors met today and decided on the following: The representative of Valoptec at the Board of EssilorLuxottica will integrate the Strategic and the Integration Committees of the Company. He succeeds Laurent Vacherot, 64, who has decided not to lead this new phase in the company’s future and to retire. The ClickCheck™: bringing vision care to underserved communities. If you don't get a response from us within a month, it means that your application does not meet our current needs. Financial Arrangements. Enter the website to learn more. Its chair is held by a Director designated by Delfin. The Committee is responsible for corporate responsibility matters, sustainable development matters and Ethics & Compliance matters. EssilorLuxottica S.A. is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. They will continue to leverage and expand the power of Essilor’s mission to improve lives by improving sight with the full knowledge that companies with a strong mission better weather market volatility, mobilize talents faster and come out stronger as a result. 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