CHARENTON-LE-PONT, France--(BUSINESS WIRE)--Regulatory News:
At its meeting on 24 November, the Board of Directors of Essilor International (Paris:EI) appointed Hubert Sagnières as Chairman and Chief Executive Officer from the 2nd January 2012. Xavier Fontanet will remain a member of the Board of Directors.
At the 5 May 2011 Annual Shareholder’s Meeting, Xavier Fontanet indicated that he thought it was the appropriate time to return to Essilor’s traditional mode of governance by regrouping the functions of Chairman and CEO. These had been separated on 1st January 2010 following the nomination of Hubert Sagnières as CEO.
The Board thanked Xavier Fontanet for the twenty years he has devoted to the growth of the company, its international development and the promotion of its values. The Board congratulated him on the way that he had prepared his succession and his commitment to exemplary corporate governance.
The Board recognised the contribution of Hubert Sagnières during his 22 year career within the Group and in particular in his role as CEO since the 1st January 2010
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