Luxottica founder agrees to end governance dispute at EssilorLuxottica

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Luxottica founder Leonardo Del Vecchio and Essilor’s CEO Hubert Sagnières have reached an agreement to grant more power to their lieutenants. This ends a governance dispute over the appointment of a new group CEO. The accord gives the current CEO's of Essilor and Luxottica to integrate the operations of the two companies. A new group CEO is expected to be appointed by the end of 2020.


The Financial Times, David Keohane and Rachel Sanderson, May 13th 2019