EssilorLuxottica
01 April 2020
Essilor has announced it will accelerate its integration with Luxottica “in view of recent world changes,” with the aim of creating a more “resilient, flexible and agile combined organisation.”
The company has appointed Paul du Saillant as the new CEO, succeeding Laurent Vacherot who has decided to retire.
The board of directors of EssilorLuxottica has also made Mr du Saillant a director of the company. Alongside his role as CEO for Essilor International, he will take over Mr Vacherot’s responsibilities including the co-executive delegate powers.
A combined management committee has been established to “optimise” the integration process. The executive team will lead Essilor, continuing to expand on the company’s goals.
Meanwhile, the board of directors of Essilor is being streamlined from 15 to five members, aiming to simplify decision-making processes and reduce overlap with the EssilorLuxottica Board.
“I’m honoured to be asked to lead Essilor in its next development phase,” commented Mr du Saillant, also praising the company’s employees for their “dedication and commitment in these difficult times.”
He continued: “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, fulfil our mission of improving lives by improving sight and further our integration with Luxottica.”
Mr Saillant has served as deputy CEO of Essilor since 2019 and as chief operating officer from 2010, having joined the group in 2008 as director of strategy.
Hubert Sagnières, chairman of Essilor, thanked Mr Vacherot for his leadership and commented: “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 energised young executives.”
The company has appointed Paul du Saillant as the new CEO, succeeding Laurent Vacherot who has decided to retire.
The board of directors of EssilorLuxottica has also made Mr du Saillant a director of the company. Alongside his role as CEO for Essilor International, he will take over Mr Vacherot’s responsibilities including the co-executive delegate powers.
A combined management committee has been established to “optimise” the integration process. The executive team will lead Essilor, continuing to expand on the company’s goals.
Meanwhile, the board of directors of Essilor is being streamlined from 15 to five members, aiming to simplify decision-making processes and reduce overlap with the EssilorLuxottica Board.
“I’m honoured to be asked to lead Essilor in its next development phase,” commented Mr du Saillant, also praising the company’s employees for their “dedication and commitment in these difficult times.”
He continued: “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, fulfil our mission of improving lives by improving sight and further our integration with Luxottica.”
Mr Saillant has served as deputy CEO of Essilor since 2019 and as chief operating officer from 2010, having joined the group in 2008 as director of strategy.
Hubert Sagnières, chairman of Essilor, thanked Mr Vacherot for his leadership and commented: “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 energised young executives.”
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