EssilorLuxottica has named Paul du Saillant-Chief Executive officer of Essilor, replacing Laurent Vacherot who has abruptly retired. Du Saillant will also join the company’s board, the eyewear giant behind Sunglasses Hut and LensCrafter.
Du Saillant will work with Francesco Milleri, Deputy Chairman and CEO of Luxottica Group, to develop and oversee the group’s strategy and integration process.
Essilor’s board is being shaved down to five members from 15 before, in order to simplify decisions and reduce overlap with the group’s board, Essilor said in a separate statement.
Du Saillant has been Deputy CEO of Essilor since 2019 and was Chief Operating Officer before that, since 2010.
EssilorLuxottica also announced it is postponing its annual general meeting to June 25th from the originally planned date of May 15, which will be held “behind closed doors” due to the pandemic.