Leonardo Maria Del Vecchio calls for new EssilorLuxottica strategy

EssilorLuxottica Leonardo Maria Del Vecchio Delfin corporate governance stock market decline

Leonardo Maria Del Vecchio, son of the late founder of EssilorLuxottica, has called for a strategic shift and a new phase for the eyewear giant following a significant decline in its market value. Speaking at the Ambrosetti Forum in Cernobbio, Del Vecchio emphasized the need for a long-term vision rather than short-term goals, noting that the company has lost approximately 50% of its stock value in recent months.

Del Vecchio, who recently stepped down from operational roles within the group, remains an investor through the family holding company, Delfin, which controls 32.4% of EssilorLuxottica. He expressed concerns regarding the company's ability to navigate emerging technologies like smart glasses and artificial intelligence, suggesting that the current trajectory lacks a clear roadmap for the next decade.

Beyond EssilorLuxottica, Del Vecchio addressed governance issues within Delfin, including a lack of transparency regarding its holdings in Monte dei Paschi di Siena. He also touched upon the potential for creating a major Italian financial and insurance champion, provided such moves have the consensus of the shareholders. The discussion comes as the mandate for CEO Francesco Milleri is set to expire in April 2027, marking a critical juncture for the group's leadership and future direction.

Entities

Ambrosetti Forum · Delfin · EssilorLuxottica · Essilux · Francesco Milleri · Leonardo Maria Del Vecchio · Luxottica

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Essilux has seen a 50% decline in its stock market value. lecodellitorale.it · quotidianodifoggia.it · www.senzalinea.it
[● 3 SOURCES] Leonardo Maria Del Vecchio expressed a desire for a change in strategy and a new phase for Luxottica. lecodellitorale.it · quotidianodifoggia.it · www.senzalinea.it
[● 3 SOURCES] Del Vecchio emphasized the need for a long-term strategy for Luxottica spanning 50 years rather than three. lecodellitorale.it · quotidianodifoggia.it · www.senzalinea.it
[● 3 SOURCES] An investigation has been requested regarding potential conflicts of interest within the Delfin Board of Directors. lecodellitorale.it · quotidianodifoggia.it · www.senzalinea.it