“For pity’s sake, Gentlemen, make an effort for it to succeed !” The supplication of a small shareholder illustrates the atmosphere of the general assembly of EssilorLuxottica. The co-CEO of the group may have buried the hatchet Sunday, worry reigned Thursday at the Maison de la Mutualité, in Paris. In the Face of shareholder, Hubert Sagnières, and Leonardo Del Vecchio have saved the appearances, without, however, replay do we Kiss, Folleville!
“Even though we’ve had a few difficult months, it is not necessary that the governance problems are the tree that hides the forest that is the power of EssilorLuxottica”, began Hubert Sagnières. “These last nine months, EssilorLuxottica has not shown the best of itself,” acknowledged Laurent Vacherot, chief executive officer of Essilor, before calling for a “new beginning”. In recent months, the violence of the exchanges between Del Vecchio and Sagnières has been such that after requesting an arbitration procedure, the first attempted …
