Simplifying "is always a good thing, Leonardo Del Vecchio taught us." And simplifying in Dolphin okay. As for Ps, “we decided on results, not on people”. Finally, Essilor Luxottica“It's solid, it's growing strongly, and the stock will recover on the stock market.”
EssilorLuxottica, what Milleri said
Thoughts of Francesco Milleri, chosen by Leonardo Del Vecchio to lead the so-called "empire", which from Paris speaks across the board, even on recent operation by Leonardo Del Vecchio junior to unlock theimpasse in the family, with his share in the holding company rising to 37,5 %. “Simplifying is always a good thing”, comments the number one of Essilux and president of Delfin – a holding company which among other things holds, as the main shareholder, 32,4% of the Italian-French giant – after the purchase of the Lmdv Fin 12,5% each from sister Paola and brother Luca of the holding company. "This is a process that leads to simplification: if six or five shareholders remain, with their diversity, it will be much easier to find solutions that are good for the company and the country," Milleri explained, speaking to reporters on the sidelines of the Essilux shareholders' meeting in Paris.
EssilorLuxottica: Who Was at the Meeting and Who Wasn't
An appointment attended by Claudio Del Vecchio with his son Matteo, the other heir Luca Del Vecchio and Andrea Carniello representing his mother Paola Del Vecchio, while Leonardo Maria was hesitant until the very end and then chose not to participate. "Leo is in Paris, but he had commitments and so he couldn't be there," Milleri explained.
The choice of the list Plt Tortora For the Tuscan bank, of which Delfin is the largest shareholder with 17,5%, it was achieved with a "unanimous vote by the board" of the financial company, "following numerous banking and legal advisors who advised us that it was the best choice for the company" and the holding company. Its president adds that "we are not interested in people or governance: we care about the results“And the future is open. “Anything can be done, but there is a board that has always made unanimous decisions,” explains the top manager regarding possible future divestments of the holding company's stakes in the financial sector.
EssilorLuxottica: Partnership with Meta "for a long time yet"
But EssilorLuxottica is also on the agenda. “With Meta we have created from scratch a new category of glasses that honestly would never have been born without us and them", that is the famous smart glasses, now with Artificial intelligence. “The collaboration will continue for a long time: Meta is a partner (as well as a shareholder of the group with less than 5%, ed) and every time we try to achieve the best possible result together,” explains Milleri, according to whom now “we find ourselves in a moment in which the value of the company and the price of its shares are not aligned. We take full responsibility for the decline in the stock market, but we are creating such value that we are confident that we will soon return to previous levels, with the stock currently trading at around 180 euros after reaching highs of over 300 in November.
EssilorLuxottica: "We also looked at Amplifon."
The group born from the merger with Luxottica is certainly not standing still. "We also looked at Amplifon“, says Milleri, because “we watch almost everything that moves within our world”, with a strong interest also in the audio sector.
EssilorLuxottica, the assembly in Paris
The EssilorLuxottica assembly – which accused a impact about 300 million from tariffs initiated by the United States – confirmed the dividend proposed by the board of directors € 4 per share and approved the confirmation of Romolo Bardin, José Gonzalo, Virginie Mercier-Pitre and Swati Piramal to the board for a further three-year term, while Mario Notari, Cristina Scocchia, Nathalie von Siemens and Andrea Zappia were confirmed for a new two-year term.
