Essilor-Luxottica to appoint new chief after merger
Hubert Sagnières says plan is backed by Luxottica founder Leonardo Del Vecchio
12/11/2017 | 10:57am CET
--Essilor-Luxottica will look for a new chief executive following merger, says Essilor's CEO Hubert Sagnieres, the Financial Times reported Sunday.
--Mr. Sagnieres did not give a time frame for the new appointment and said that Luxottica's founder Leonardo Del Vecchio supports the idea.
--Before any appointment is made, Mr. Del Vecchio and Mr. Sagnieres will share executive powers equally, the Financial Times reports, noting that Mr. Del Vecchio will be the single largest shareholder of the combined group, controlling around one third of the stake.
Source:
http://www.4-traders.com/ESSILOR-INT...f-FT-25646252/
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