Essilor Creates New Executive Committee Position
NEW DELHI, April 18, 2013
NEW DELHI, April 18, 2013 /PRNewswire/ --
Appoints Jayanth Bhuvaraghan as Chief Corporate Mission Officer to Deploy
Essilor's Mission of Providing Better Vision to all
Essilor International announced the creation of a Chief Corporate Mission
Officer position within the Executive Committee of the company today. The
newly created position, reporting to the Chairman and CEO, is in charge of
coordinating, supporting and fostering all initiatives that contribute to
achieving Essilor's mission of improving vision for everyone across the globe.
Today, 4.2 billion people in the world require vision correction and this
figure is estimated to reach 6 billion by 2030, representing a major social
and economic issue and one of the most widespread disabilities in the world.
Since its creation 165 years ago, Essilor has been focused on providing
solutions to people in need of vision correction. The creation of this new
position shows the Group's ambition to develop a global Corporate Social
Responsibility approach directly related to its long-term strategy.
Hubert Sagnières, Chairman and CEO, Essilor Group declared: " Working in an
area of primary importance for two-thirds of the world's population who need
vision correction, Essilor has a strong social responsibility. The creation of
this Chief Corporate Mission Officer position, directly reporting to me,
demonstrates our determination to position our mission at the centre of our
The Chief Corporate Mission Officer position will coordinate and accelerate
such initiatives, help create awareness by working closely with various global
organisations that are already acting in this area and create new inclusive
business models which will bridge the gap of uncorrected visual impairment.
Jayanth Bhuvaraghan, President of South-East Asia & India and a seasoned
executive in Essilor with diverse experience across various markets such as
India, Asean, Middle East and Africa, was entrusted with the new position as
of April 1, 2013. He is credited with developing various innovative and
successful social business models which include providing access to vision
correction for remote populations.
Jayanth Bhuvaraghan added: "Providing better vision to everyone who needs it
is Essilor's central driving force. I am greatly excited to take on this new
position and am determined to bring about improved answers to unmet needs
throughout the world ."
Many initiatives to improve awareness and vision correction access have
already been launched by Essilor teams to fight poor vision. These include
mobile refraction vans in India, vision examination for children in the USA
thanks to the Essilor Vision Foundation, and vision screenings in major
Chinese towns. The Group has partnered with the Special Olympics organization
for years and is a founder member of the Optique Solidaire association in
France. More recently, Essilor has supported the creation of the Vision Impact
The world's leading ophthalmic optics company, Essilor designs, manufactures
and markets a wide range of lenses to improve and protect eyesight. Its
corporate mission is to enable everyone around the world to access lenses that
meet his or her unique vision requirements. To support this mission, the
company allocates around €150 million to research and development every year,
in a commitment to continuously bring new, more effective products to market.
Essilor's flagship brands are Varilux®, Crizal®, Definity®, Xperio®, OptifogTM
and Foster Grant®. It also develops and markets equipment, instruments and
services for eyecare professionals.
Essilor reported consolidated revenue of approximately €5 billion in 2012 and
employs around 50,700 people in some 100 countries. It operates 22 plants,
more than 400 prescription laboratories and edging facilities, as well as
several research and development centers around the world.
For more information, please visit www.essilor.com .
The Essilor share trades on the NYSE Euronext Paris market and is included in
the EuroStoxx 50 and CAC 40 indices.
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