The employees of EssilorLuxottica run for cover and ask for the appointment of an independent director, to represent them, within the Board of Directors.
Valoptec, the association that brings together the employees and ex-employee shareholders of the EssilorLuxottica group, has decided to propose the Englishman Peter Montagnon as an independent member of the Board of Directors at the next shareholders' meeting on May 16th. Valoptec is the group's second shareholder and believes that, in this way, "the board of EssilorLuxottica would have a greater proportion of independent members who would thus be in a position to promote exemplary and effective governance and at the same time a constructive perspective in the implementation of the recent agreement of fusion".
“EssilorLuxottica, which brings together two large companies, is going through a governance crisis – declared Montagnon – The first task is to unblock this stalemate in the interest of all stakeholders so that the group can fully realize its potential . If I am appointed a director, my priority will be to assist the Board in addressing the matter."
Valoptec's move therefore goes in the direction of finding a solution to allo confrontation between the two groups.
In fact, employees reaffirm their confidence in the validity of the merger between Essilor and Luxottica, convinced of the benefits of the operation. "As a responsible shareholder - concludes the press release - the supervisory board of Valoptec International FCPE intends to actively participate in the definition of a solution in the long-term interest of the Group and of all the shareholders of EssilorLuxottica".
