×
186
Fashion Jobs
AESOP
Retail Consultant | Part-Time (30 Hours) & Full-Time | Aesop City of Stockholm
Permanent · STOCKHOLM
ASICS
Sales Representative
Permanent · Stockholm
PUMA
Senior Key Account Manager Sportstyle Nordic
Permanent · Solna
H&M
Global Head of Marketing h&m Sport
Permanent · Stockholm
H&M
Project Leader For Material Certification And Material Trademark Within Group Compliance
Permanent · Stockholm
PUMA
Project Manager IT Sap
Permanent · Solna
PUMA
Senior Manager Merchandising Puma Golf Europe
Permanent · Solna
H&M
Art Director – h&m Group Communications
Permanent · Stockholm
H&M
Data Analyst to Predictive Analytics Team @h&m Business Tech
Permanent · Stockholm
H&M
Data Analyst to an Inventory Optimization Team in Business Tech
Permanent · Stockholm
H&M
Business Minded Data Specialist to h&m Group
Permanent · Stockholm
H&M
Scrum Master (Service Now) to Support And Operations Toolings Team at h&m Business Tech
Permanent · Stockholm
H&M
we Are Looking For Business Intelligence Analysts to Group Expansion, h&m
Permanent · Stockholm
H&M
Business Intelligence Analyst
Permanent · Stockholm
H&M
Cyber Security Trainer
Permanent · Stockholm
H&M
Security Advisor
Permanent · Stockholm
H&M
h&m is Looking For a Business Expert For Allocation Precision
Permanent · Stockholm
H&M
Power bi Specialist to Kpi Dashboards Within Business Tech
Permanent · Stockholm
H&M
ai Learning & Development Manager
Permanent · Stockholm
H&M
Import-Export Manager to h&m Distribution Centre in Eskilstuna
Permanent · Eskilstuna
H&M
Scrum Master to Support & Operation Tooling, Monitoring & Insights Team at h&m Business Tech
Permanent · Stockholm
H&M
Business Expert Full-Stack 3d Garment Specialist
Permanent · Stockholm
Translated by
Nicola Mira
Published
Mar 27, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

EssilorLuxottica governance to be equally shared for 3 years following €46 billion merger

Translated by
Nicola Mira
Published
Mar 27, 2017

Italian eyewear giant Luxottica Group has published the details of the shareholders agreement between Essilor International and Delfin, in the wake of the €46 billion merger between Essilor and Luxottica. Luxembourg-based Delfin is controlled by Luxottica boss Leonardo Del Vecchio and, following the Luxottica-Essilor merger, will confer to Essilor its stake in Luxottica, currently amounting to 62.54% of the eyewear group's capital.


Luxottica headquarters


According to the agreement, the corporate governance for the newly created leviathan EssilorLuxottica will be shared on equal terms by the Essilor and Luxottica boards for three years, after which the group's board will be appointed without taking the directors' provenance into account.

The 16 board members are: Leonardo Del Vecchio, Executive President; Hubert Sagnières, Executive Vice-President with equal powers to Del Vecchio's; three representatives of Delfin; four independent members appointed by Delfin after consulting with Essilor; two from among Essilor's employee representatives; one a representative of Essilor's former workers and shareholders' association Valoptec; four independent members from Essilor's current board.

As the board's Executive President, Leonardo Del Vecchio will not however have a casting vote in case of parity.

The EssilorLuxottica articles of association and its board of directors' rules of procedure will be modified to comply with the new governance rules. Also, voting rights will be capped at 31%, and double voting rights for Essilor shares will be eschewed.

Copyright © 2022 FashionNetwork.com All rights reserved.