EssilorLuxottica Société anonyme Management

Management criteria checks 1/4

EssilorLuxottica Société anonyme's CEO is Francesco Milleri, appointed in Dec 2020, has a tenure of 3.33 years. total yearly compensation is €9.79M, comprised of 18.4% salary and 81.6% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth €91.02M. The average tenure of the management team and the board of directors is 3.3 years and 2.9 years respectively.

Key information

Francesco Milleri

Chief executive officer

€9.8m

Total compensation

CEO salary percentage	18.4%
CEO tenure	3.3yrs
CEO ownership	0.1%
Management average tenure	3.3yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Francesco Milleri's remuneration changed compared to EssilorLuxottica Société anonyme's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€10m	€2m	€2b
Sep 30 2023	n/a	n/a	€2b
Jun 30 2023	n/a	n/a	€2b
Mar 31 2023	n/a	n/a	€2b
Dec 31 2022	€7m	€2m	€2b
Sep 30 2022	n/a	n/a	€2b
Jun 30 2022	n/a	n/a	€2b
Mar 31 2022	n/a	n/a	€2b
Dec 31 2021	€8m	€1m	€1b
Sep 30 2021	n/a	n/a	€1b
Jun 30 2021	n/a	n/a	€1b
Mar 31 2021	n/a	n/a	€718m
Dec 31 2020	€58k	n/a	€85m
Sep 30 2020	n/a	n/a	€40m
Jun 30 2020	n/a	n/a	-€6m
Mar 31 2020	n/a	n/a	€536m
Dec 31 2019	€2m	n/a	€1b
Sep 30 2019	n/a	n/a	€1b
Jun 30 2019	n/a	n/a	€1b
Mar 31 2019	n/a	n/a	€1b
Dec 31 2018	€31k	n/a	€1b

Compensation vs Market: Francesco's total compensation ($USD10.50M) is above average for companies of similar size in the German market ($USD5.57M).

Compensation vs Earnings: Francesco's compensation has increased by more than 20% in the past year.

CEO

Francesco Milleri (64 yo)

3.3yrs

Tenure

€9,785,650

Compensation

Mr. Francesco Milleri has been Chief Executive Officer at EssilorLuxottica Société anonyme since December 17, 2020 and is Chairman from June 28, 2022. He serves as Chairman of Salmoiraghi & Viganò. Mr. Mil...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Francesco Milleri	Chairman & CEO	3.3yrs	€9.79m	0.10% € 91.0m
Paul du Saillant	Deputy CEO & Director	3.3yrs	€5.47m	0.081% € 74.3m
Stefano Grassi	Chief Financial Officer	2.9yrs	no data	no data
Marco Catalani	Head of Corporate Communications	no data	no data	no data
Ariel Bauer	Co-Head of Investor Relations	4.1yrs	no data	no data
Giorgio Iannella	Co-Head of Investor Relations	no data	no data	no data

3.3yrs

Average Tenure

64yo

Average Age

Experienced Management: ESL's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Francesco Milleri	Chairman & CEO	5.5yrs	€9.79m	0.10% € 91.0m
Paul du Saillant	Deputy CEO & Director	4.1yrs	€5.47m	0.081% € 74.3m
Andrea Zappia	Independent Director	2.9yrs	€130.00k	0.00044% € 401.0k
Marie-Christine Coisne-Roquette	Independent Director	2.9yrs	€100.00k	0.00022% € 200.5k
Swati Piramal	Independent Director	2.9yrs	€125.00k	0.00023% € 209.6k
Jean-Luc Biamonti	Lead Independent Director	2.9yrs	€169.17k	0.00038% € 346.3k
Romolo Bardin	Non-Independent Director	5.5yrs	€141.25k	0.0035% € 3.2m
Nathalie von Siemens	Independent Director	2.9yrs	€100.00k	0.00022% € 200.5k
Cristina Scocchia	Independent Director	5.5yrs	€121.25k	0.00022% € 200.5k
Jose Gonzalo	Independent Director	2.9yrs	no data	0.00022% € 200.5k
Sebastien Brown	Employee Representative Director	2.6yrs	€100.00k	0.00011% € 100.3k
Margot Bard	Employee Representative Director	2.6yrs	€100.00k	0.0019% € 1.7m

2.9yrs

Average Tenure

58.5yo

Average Age

Experienced Board: ESL's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

EssilorLuxottica Société anonyme Management

Management criteria checks 1/4

Key information

Recent management updates

Essilorluxottica Société Anonyme Announces Appointment of Jean-Luc Biamonti as Lead Director

EssilorLuxottica Société anonyme, Annual General Meeting, May 17, 2023

EssilorLuxottica Announces Management Changes

EssilorLuxottica Announces Demise of Leonardo Del Vecchio, Chairman

Recent updates

Marcolin's Main Shareholder PAI Partners Reportedly Seeks Buyer

Full year 2023 earnings released: EPS: €5.11 (vs €4.87 in FY 2022)

Full year 2023 earnings released: EPS: €5.11 (vs €4.87 in FY 2022)

Essilorluxottica Société Anonyme Proposes Dividend for the Year 2023

Essilorluxottica Société Anonyme Proposes Dividend for the Year 2023

Man Sues EssilorLuxottica , Macy’s over False Imprisonment, Sexual Assault

EssilorLuxottica Société anonyme to Report First Half, 2024 Results on Jul 25, 2024

New minor risk - Shareholder dilution

Meta Platforms, Inc. and EssilorLuxottica Introduces Next Generation of Smart Glasses

EssilorLuxottica Announces Launch of Helix

First half 2023 earnings released: EPS: €3.06 (vs €2.67 in 1H 2022)

EssilorLuxottica to Expand into the Hearing Solutions Market with New Disruptive Technology At the Intersection of Hearing Solutions Market

EssilorLuxottica Declares Dividend for the Financial Year Ended on December 31, 2022

Essilorluxottica Société Anonyme Announces Appointment of Jean-Luc Biamonti as Lead Director

Upcoming dividend of €3.23 per share at 1.7% yield

EssilorLuxottica Société anonyme, Annual General Meeting, May 17, 2023

EssilorLuxottica Société anonyme (ENXTPA:EL) acquired 50% stake in Shamir Optical Industry, Ltd. from Shamir Optica Holdings A.C.S. Ltd.

First half 2022 earnings released: EPS: €2.67 (vs €1.95 in 1H 2021)

EssilorLuxottica Announces Management Changes

EssilorLuxottica Announces Demise of Leonardo Del Vecchio, Chairman

Essilorluxottica Société Anonyme Approves the Payment of the Dividend, Payable on June 21, 2022

Upcoming dividend of €2.51 per share

Now 24% undervalued after recent price drop

Optic Retail International Group BENE completed the acquisition of 142 EyeWish stores in the Netherlands and 35 GrandOptical stores in Belgium from EssilorLuxottica Société anonyme (ENXTPA:EL), GrandVision N.V. (ENXTAM:GVNV).

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued after recent price drop

EssilorLuxottica Société anonyme (ENXTPA:EL) completed the acquisition of The Walman Optical Company Inc.

EssilorLuxottica Société anonyme to Report Fiscal Year 2021 Results on Mar 11, 2022

Optic Retail International Group BENE entered into an agreement to acquire 142 EyeWish stores in the Netherlands and 35 GrandOptical stores in Belgium from EssilorLuxottica Société anonyme (ENXTPA:EL), GrandVision N.V. (ENXTAM:GVNV).

First half 2021 earnings released: EPS €1.95 (vs €0.94 loss in 1H 2020)

EssilorLuxottica Announces Favorable Outcome of the Arbitration Confirming Material Breaches by Grandvision

Representative Director of Delfin has left the company

Non-Executive Vice-Chairman Hubert Sagnières has left the company

Independent Director has left the company

Essilorluxottica Société Anonyme Approves the Payment of the Dividend, Payable on June 21, 2021

Upcoming dividend of €1.08 per share

Full year 2020 earnings released: EPS €0.20 (vs €2.48 in FY 2019)

New 90-day high: €141

New 90-day high: €133

EssilorLuxottica Reportedly Offers to Sell Assets in Three EU Countries

EssilorLuxottica Société anonyme (ENXTPA:EL) and The Cooper Companies, Inc. (NYSE:COO) agreed to acquire SightGlass Vision from The Cooper Companies, Inc. (NYSE:COO).

New 90-day high: €131

New 90-day high: €126

EssilorLuxottica SociÃ©tÃ© anonyme to Report First Half, 2021 Results on Jul 30, 2021

EssilorLuxottica Société anonyme to Report Fiscal Year 2020 Results on Mar 12, 2021

New 90-day low: €106

New 90-day low: €108

Facebook, Inc. and Essilorluxottica Société Anonyme Announce Collaboration for Smart Glasses

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age