Corporate Governance in Luxottica

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Shareholders' Meeting, Board of Directors and Board of Statutory Auditors are the basis of the management and control system

CORPORATE BOARDS

The Luxottica governance system - based on a traditional management and control system - is characterized by the presence of:

  • the Stockholders' Meeting, which has the power to vote - both in ordinary and extraordinary meetings - among other things, upon (i) the appointment and removal of the members of the Board of Directors and of the Board of Statutory Auditors and their remuneration, (ii) the approval of the annual financial statements and the allocation of profits, (iii) amendments to the Company's by-laws;
  • a Board of Directors, responsible for the management of the Company; from among its members it appoints a Control and Risk Committee and a Human Resources Committee.
Name Position
Leonardo
Del Vecchio
Executive President
Luigi FrancavillaDeputy Chairman
Francesco MilleriDeputy Chairman
Massimo VianC.E.O. for Product and Operations
Marina Brogi*Member of the Human Resources Committee and Lead Independent Director
Luigi Feola* 
Elisabetta Magistretti*Chairperson of the Control and Risk Committee
Mario NotariMember of the Human Resources Committee
Maria Pierdicchi* 
Karl Heinz Salzburger* 
Luciano Santel*Member of the Control and Risk Committee
Cristina Scocchia*Member of the Control and Risk Committee
Sandro Veronesi* 
Andrea Zappia*Chairman of the Human Resources Committee

*Director having the independence requirements set out in article 148, paragraph 3, Legislative Decree 58/1998, as mentioned in article 147 ter Legislative Decree 58/1998, and in article 3 of the Code of Conduct issued by Borsa Italiana S.p.A.

CONTROL AND RISK COMMITTEE  
Elisabetta Magistretti Chairperson
Luciano Santel Member
Cristina Scocchia Member
 HUMAN RESOURCES COMMITTEE 
Andrea Zappia Chairman
Marina Brogi Member
Mario Notari Member
  • a Board of Statutory Auditors, responsible for, among other things, overseeing compliance with the law and with the Company by-laws, its principles of governance and organizational model. The board of auditors also acts as an audit committee under the Sarbanes Oxley Act;
 BOARD OF STATUTORY AUDITORS 
Francesco Vella Chairman
Alberto Giussani Auditor
Barbara Tadolini Auditor
Maria Venturini Alternate Auditor
Roberto Miccù Alternate Auditor

The Company’s accounts are audited by a firm of accountants registered with CONSOB and appointed by the Shareholders’ Meeting.

Auditing Company in office until the approval of the Financial Statements as of December 31, 2020 PricewaterhouseCoopers S.p.A.

More information on Luxottica Group’s Corporate Governance are available in the Report on Corporate Governance

Last updated: Nov 28 2016