EssilorLuxottica Board Maintains Confidence in Management, Strategy Following Exit of Founder's Son

10:19 AM EDT, 09/09/2026 (MT Newswires) -- EssilorLuxottica's (EL.PA) board unanimously reaffirmed its full confidence in the eyewear group's management team and mid- and long-term strategy in response to reports following a public dispute with its founder's son. "The Board remains committed to preserving the stability and sense of responsibility that have always defined EssilorLuxottica, in the interests of its employees, shareholders, partners and customers," according to a Wednesday statement. On Monday, London's Financial Times cited sources as saying that Chairman and Chief Executive Officer Francesco Milleri revamped the senior management. The report comes after Leonardo Maria Del Vecchio, the son of Luxottica's late founder, stepped down from his roles as the group's chief strategy officer and president of Ray-Ban in August.