Essilor shareholders approve Luxottica merger
Essilor shareholders approved the planned combination between Essilor and Luxottica and the appointment of future EssilorLuxottica board of directors at a special meeting and combined general meeting.
Laurent Vacherot becomes a director, the appointment of Jeanette Wong has been ratified, and the mandates of Juliette Favre, Philippe Alfroid, Yi He and Hubert Sagnières have been renewed, according to a press release from the company.
Eight members were appointed to the future EssilorLuxottica board of directors by Delfin and eight by Essilor, and Delfin will contribute all of its Luxottica shares to Essilor, according to the release.
Nearly all of Essilor’s activities and equity interests will contribute to the wholly owned subsidiary.
Essilor shareholders also approved the modified bylaws of Essilor and the future bylaws of EssilorLuxottica, including the new corporate name, the update of the corporate purpose, the cancellation of double voting rights and a new voting cap provision.
The proportion of women within the board has reached 42.9%, the company said, and it includes six nationalities (German, U.S., Canadian, Chinese, French and Singaporean).