Essilor Promotes Employee Shareholding

Essilor Centre for Innovation and Technologies Europe, Créteil (Source: Essilor)

Essilor Centre for Innovation and Technologies Europe, Créteil (Source: Essilor)

Essilor is launching an international plan to promote and expand employee shareholding around the world, in order to consolidate and further develop its employees’ involvement in the Group’s growth and success. Through the plan, Essilor aims to allow fifty percent of its employees to own shares in the company, compared to twenty percent currently.

This ambition to grow and further strengthen the group’s shareholding culture extends to every country in which Essilor operates and all employees, regardless of their job status.

“In order to uphold Essilor’s strong culture, we want to encourage the long-term commitment of our employees worldwide through employee ownership, which is one of our great strengths”, says Hubert Sagnières, Essilor’s Chairman and CEO. “Our goal of reaching fifty percent of employee shareholders is in line with that ambition. The continuous and sustainable growth of the Company is founded on the strength of our mission – Improving lives by improving sight – and on our desire to share the value generated by Essilor as widely as possible. Our employees’ participation in Essilor’s share capital ensures that their interests are aligned with those of the shareholder community as a whole.”

Employees have always been Essilor’s largest shareholder, and currently own more than eight percent of its share capital. Three directors representing employee shareholders currently sit on Essilor’s Board of Directors. The company is also committed to enhancing the financial knowledge of all its employees, regardless of their position in the company or their geographical location.

A majority of Essilor’s employee shareholders are members of Valoptec Association which contributes to the Group’s long term growth, participates in its governance and supports its values and mission. Valoptec Association members meet every year for a vote of confidence on Essilor’s strategy and human resource policy.

Essilor reported consolidated revenue of more than €6.7 billion in 2015 and employs 61,000 people worldwide. It markets its products in more than 100 countries and has 32 plants, 490 prescription laboratories and edging facilities, as well as five research and development centers around the world. The share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. (Source: Essilor)

Link: Essilor International SA, Paris, France

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