Sagnières and Del Vecchio step down from their current positions at EssilorLuxottica

EssilorLuxottica has announced a major change in leadership. Hubert Sagnières leaves all his executive responsibilities at EssilorLuxottica and its subsidiaries and will remain as nonexecutive Vice-Chairman of the company. In order to preserve the equal powers principle of the business combination agreement currently in place, Leonardo Del Vecchio decided to voluntarily step back from his executive responsibilities at EssilorLuxottica and will remain non-executive Chairman of the company.
The board granted executive powers to Francesco Milleri and Paul du Saillant, who are appointed as Chief Executive Officer (CEO) and Deputy Chief Executive Officer (Deputy CEO) of EssilorLuxottica, respectively, until the appointment of the new Board of Directors by the 2021 annual general meeting of shareholders. Mr. du Saillant becomes Chairman and CEO of Essilor International.