Ray-Ban Maker Names Milleri CEO Following Management Dispute
- Du Saillant named deputy CEO as Sagnieres relinquishes powers
- Del Vecchio may gain more control next year after pact expiry
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EssilorLuxottica SA said that Francesco Milleri will take over as chief executive officer until next year, when billionaire founder Leonardo Del Vecchio will gain more influence over the maker of Ray-Ban sunglasses and can exercise all his voting rights.
The Franco-Italian company also said Paul du Saillant was appointed deputy CEO. Del Vecchio and Hubert Sagnieres will both step back from executive roles while remaining respectively as chairman and vice chairman, the company said on Thursday.