Essilor Shareholders Approve Merger Between Essilor and Luxottica

Tuesday, May 16 2017 | 00 h 00 min | News

Essilor International’s Special Meeting and Combined General Meeting were held May 11th at the Maison de la Mutualité in Paris, chaired by Hubert Sagnières, the Group’s Chairman and CEO, with Leonardo Del Vecchio, Executive Chairman of Luxottica, also in attendance.

Essilor’s shareholders approved all the resolutions proposed to the two meetings, including those concerning the planned combination between Essilor and Luxottica.

The makeup of the future EssilorLuxottica Board of Directors, the contribution by Delfin (the hold company that owns 62% of Luxottica’s shares) and the new corporate name EssilorLuxottica were all approved.

Hubert Sagnières, Chairman and CEO of Essilor, commented: “I am delighted with the outstanding support of Essilor shareholders for the planned combination between Essilor and Luxottica, which has just taken a decisive step forward. With a presence across all segments of the optics industry, the new group will provide concrete and innovative solutions to the challenge of improving the world’s eyesight.”

The proportion of women within the Board has now reached 42.9% and it includes six nationalities (German, US, Canadian, Chinese, French and Singaporean).

Read the complete press release HERE.