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EssilorLuxottica hires two headhunters for CEO search

EssilorLuxottica hires two headhunters for CEO search
FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi/File Photo   -   Copyright  Alessandro Bianchi(Reuters)
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PARIS (Reuters) – French-Italian eyewear group EssilorLuxottica said on Wednesday its nomination and compensation committee had started the search for a new chief executive officer with the help of two headhunting firms.

The company’s board intends to appoint the next CEO by 2020.

EssilorLuxottica, which resulted from the merger of French lenses maker Essilor and Italy’s Luxottica frame manufacturer last October, is in the midst of a disagreement between the sides, who accuse each other of trying to dominate the company.

(Reporting by Inti Landauro, Editing by Sarah White)

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