EssilorLuxottica Appoints Paul Du Saillant as Essilor CEO
March 30 2020 - 12:53PM
Dow Jones News
By Mauro Orru
EssilorLuxottica SA said Monday that it has appointed Paul du
Saillant as new chief executive of Essilor, succeeding Laurent
Vacherot as he retires.
The Franco-Italian optical company said the appointment is
effective immediately, adding that Mr. du Saillant is also taking
over co-executive delegate powers previously held by Mr.
Vacherot.
EssilorLuxottica said Mr. du Saillant named a 12-member
management committee to optimize the integration process between
Essilor and Luxottica.
Essilor's board of directors is being simplified to five members
from 15 to reduce the overlap with the EssilorLuxottica board of
directors.
Meanwhile, EssilorLuxottica said the board of directors decided
to postpone the annual shareholders' meeting to June 25 from May 15
due to the coronavirus pandemic.
The company added that the board would decide weather to
confirm, reduce or cancel its dividend depending on how the
situation evolves.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 30, 2020 12:38 ET (16:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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