EssilorLuxottica’s board unanimously reaffirmed its full confidence in Chief Executive Francesco Milleri, Deputy Chief Executive Officer Paul du Saillant, the executive team and the company’s mid- and long-term strategy. The statement, issued in Milan on September 9, 2026, followed criticism from Leonardo Maria Del Vecchio, a member of the family behind the company’s largest shareholder, Delfin. Del Vecchio said he hoped for a strategic change and broader communication of plans with investors after EssilorLuxottica lost more than half its market value in recent months. The board said strong company results support its strategy and reiterated its commitment to stability and responsibility for employees, shareholders, partners and customers. Del Vecchio owns 12.5% of Delfin, which controls 32.4% of EssilorLuxottica. He stepped down in late July as chairman of Ray-Ban and as EssilorLuxottica’s chief strategy officer amid reported tensions with Milleri, who is also chairman of Delfin.