Eselior names Laurent Vahcerot president and COO

Essilor, a medical supplies company, has decided to realign its organization to meet the growing operational needs as the company has expanded its activities in Latin America, the Middle East, Asia and Africa.

The board has promoted Laurent Vacherot as President and Chief Operating Officer, from the position of Co-Chief Operating Officer, which he has been occupying since 2010.

In his new role, Vacherot will take direct responsibility for Essilor`s operations with all operational executives reporting directly to him. The Finance, Human Resources, Corporate Mission, Communications and Strategy will report to the Chairman and Chief Executive Officer.

Laurent Vacherot was also proposed to be named as director, but her appointment will be wait the approval of shareholders at Essilor`s next Shareholders` Meeting to be held on May 11, 2017.

Chairman and Chief Executive Officer Hubert Sagnières said: “As industry leader, Essilor has been able to associate key strategic decisions with operational efficiency to carry out its mission of “improving lives by improving sight”. The exciting range of our key day-to-day operational challenges includes innovating, expanding in market segments complementary to our core businesses and gaining footholds in vast countries with extensive markets.
The realignment of our organization will help us accelerate the implementation of our strategy and lay the groundwork for the Company and our teams to achieve meaningful and value-adding growth over the long term. I am delighted at the prospect of working even more closely with Laurent at the head of Essilor`s operational management, in carrying out our mission on behalf of our customers and in the interests of our shareholders and employees.”