Essilor-Luxottica will look for a new chief executive following merger, says Essilor's CEO Hubert Sagnieres, the Financial Times reported Sunday.
--Mr. Sagnieres did not give a time frame for the new appointment and said that Luxottica's founder Leonardo Del Vecchio supports the idea.
Continue Reading Below
--Before any appointment is made, Mr. Del Vecchio and Mr. Sagnieres will share executive powers equally, the Financial Times reports, noting that Mr. Del Vecchio will be the single largest shareholder of the combined group, controlling around one third of the stake.
Full story: http://on.ft.com/2AtOWWS
Write to Barcelona editors at email@example.com
(END) Dow Jones Newswires
December 11, 2017 04:56 ET (09:56 GMT)