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Essilor’s Digital Innovation to Promote Employee Shareholding Wins Award

Essilor has won the “Best Use of Technology” award at the 2019 “GEO Awards” organized by the Global Equity Organization (GEO). This award recognizes the digital solutions developed by the Group to promote employee shareholding.

By honouring Essilor for the second year in a row, GEO recognizes the innovative, impactful and sustainable digital solutions designed by the Company to promote employee shareholding. These solutions have notably enhanced the effectiveness of the “Boost 2018” international employee shareholding plan by facilitating employees’ participation in the plan through simple and intuitive digital subscription tools.

Numerous innovative solutions have contributed to the success of the plan, such as the creation of an online subscription site, the launch of a management platform that centralizes the data of those involved in the plan in real time, or the automated registration of subscription forms through QR codes. This award highlights the efforts of the Essilor Employee Shareholding Department to develop fully digital solutions that facilitate access to information for all employees and provide them with everything they need to make informed decisions.

At the heart of Essilor’s strategy and culture, employee shareholding reinforces employees’ commitment to the fulfillment of the Group mission of “improving lives by improving sight”. Involving all its employees in the growth of the company and its value creation has been a key element of Essilor’s success since its beginnings.

Paul du Saillant, Deputy Chief Executive Officer of Essilor International, said: “I would like to dedicate this award to Essilor’s 46,000 employee shareholders and to all the teams who day after day work towards developing and promoting employee shareholding by leveraging innovative technologies. This latest award and the success of “Boost 2018” illustrate the alignment of our employees with our strategy and our mission to improve lives by improving sight. Employee shareholding has always been a pillar of Essilor’s culture. As confirmed by EssilorLuxottica’s first Annual General Meeting in November 2018, we aim to expand it further in the combined Group.”

Click HERE for the full press release.

New Alcon Surveys Show Patients Have Fuzzy Understanding of Presbyopia; ECPs Agree

It’s Presbyopia Awareness Month and Alcon is on a mission to educate consumers about a condition that is expected to impact 123 million U.S. residents by 2020. Presbyopia is a natural part of aging that usually happens around age 40. However, new survey findings from Alcon show this common condition has a name people often do not recognize, symptoms they do not understand, and a lack of knowledge of vision correction options other than reading glasses that many see as inconvenient.

This month, Alcon is launching Project Presbyopia, an ongoing effort to educate consumers about how to recognize signs and symptoms of vision changes that occur after age 40, uncover more intuitive language for the condition, and motivate existing and emerging presbyopes to visit an Eye Care Professional to explore solutions including multifocal contact lenses. The initiative is inspired by crowd-sourced findings and surveys of presbyopes and ECPs that uncovered the name “presbyopia” isn’t the only point of confusion for consumers.

Some survey findings include:

  • The eye doctors surveyed report that most of their patients don’t understand what the word presbyopia means (92%) and some ECPs either avoid using the term altogether (39%) or use it along with other descriptive words when explaining the condition to patients (59%).
  • While 46% of the consumers surveyed say they just cope with their presbyopia and use different methods to help them see, 67% want to stop adjusting their lives around their vision as it relates to their reading glasses.

Click HERE for more highlights from the survey findings and the full press release.

Essilor and Luxottica to Hire New CEO on “Best Fit to the Job” Principle

In what might appear to outsiders as a compromise and possible fence-mending, the EssilorLuxottica (EL) the company has announced that the Nomination and Compensation Committee will conduct a search for a future CEO that will include both internal and external candidates. 

The press release indicates that the search is “in line with the agreement between Delfin and Essilor” and further makes the point that the “best fit for the job” principle will be applied.  The appointment target date is end of 2020.

The new appointee will, according to the release, be in charge of coordinating activities of the EL holding company. In the mean time Luxottica and Essilor shall remain separate legal entities “fully empowered to run their own businesses autonomously…with certain exceptions.”  The press release, made under the new EssilorLuxottica masthead and logo, does not elaborate on what the exceptions might be.

Click here to view the full press release.

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