Hubert Sagnières

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Hubert Sagnières
Hubert Sagnières.png
Born (1955-05-10) 10 May 1955 (age 66)
Vienne, France
NationalityFrench, Canadian
EducationLycée Sainte-Geneviève
Alma materÉcole centrale de Lille
INSEAD
OccupationExecutive Vice-Chairman EssilorLuxottica
Chairman Essilor International

Hubert Sagnières, born on 10 May 1955 in Vienne, France, is a company executive of French and Canadian nationality. He was chairman and CEO of Essilor International from 2012 to 2018[1] and became executive vice-chairman of EssilorLuxottica while keeping his role of chairman of Essilor International when Essilor merged with Luxottica in 2018.

Biography[]

Academic background[]

Hubert Sagnières graduated with a degree in Economics from Lille University and a master's degree from École Centrale de Lille and obtained an MBA from INSEAD.

Professional debut[]

In 1980, Hubert Sagnières moved to Tahiti in French Polynesia and joined Plastiserd LLC, eventually becoming the managing director. From 1986 to 1987 he then held the position of assistant general manager of Europe at Valois in Paris. In 1988, Hubert Sagnières became the chief executive officer of Homespace.

Essilor[]

Career at Essilor[]

Hubert Sagnières joined Essilor in 1989 as president of International Marketing in the optical lens division. In 1991 he left Europe for Montreal, Canada where he was appointed to president of Essilor Canada, followed by president of Essilor Laboratories of America in 1997. In 1998, he was given the position of president of Essilor of America, based in Dallas Tx. In 2006, he acquired more responsibility through his position as president of Essilor Europe and North America.

In 2008, he was named chief operating officer of the Group, and on 1 January 2010, Hubert Sagnières became chief executive officer of Essilor International.[2] In 2011, the Group indicated that it would return to Essilor's traditional mode of governance by regrouping the functions of chairman and CEO.[3]

On 24 November 2011, Essilor's board of directors appointed Hubert Sagnières as chairman and CEO of the Group from 2 January 2012, succeeding Xavier Fontanet.[4]

At the head of Essilor: strategy, performance and positions[]

Once at the head of Essilor, Hubert Sagnières expanded the scope of activities of the group towards sunglasses, vision care protection and prevention and online sales, deploys Essilor all across the United States, and accelerate the development of Essilor in Asia, Africa and Latin America .[5]

In 2013, he was named "second most performing CAC 40 CEO" by Challenges magazine.[6]

In March 2014, following the French government's announcement of a cap on eyeglass reimbursements, Hubert Sagnières expressed his concern regarding the consequences for Essilor's industrial footprint and competitiveness in France along with risks to hinder access to vision solutions for French people.

Societal engagement[]

At the head of Essilor, Sagnières created a range of philanthropic entities and inclusive business programmes aimed at developing access to vision care all over the world and eliminate poor vision by 2050,[7][8] in line with the Essilor Group's mission.[9]

In 2007, he founded the Essilor Vision Foundation, based in Dallas, Texas. This foundation aims to improve the quality of eye examinations in schools, to provide care to children who can not afford them otherwise and to educate parents, teachers, and the general public about eye health. Hubert Sagnières remains a member of the board of the foundation.

Through Essilor, Hubert Sagnières supports the Vision Impact Institute, launched in March 2013. This Institute aims at collecting data about impaired vision and its socio-economic impact.[10] Hubert Sagnières thus contributes to fostering synergies between the Vision Impact Institute, the Essilor Vision Foundation and Essilor International.[11]

In April 2013, Hubert Sagnières created a new position at Essilor : chief mission officer, and appointed Jayanth Bhuvaraghan to develop initiatives aimed at "improving lives by improving sight".[12]

In May 2013, Hubert Sagnières created the Corporate Social Responsibility committee within the board of directors at Essilor.[13]

In February 2015, he announced the launch of the "Vision For Life" programme at Essilor, administered by two non-profit organizations and committed to fund 30 million euros to associations in relation to visual health.[14] In March 2018, Vision For Life was allocated an additional 19 million euros.[15][16]

He is also committed to the Eye Mitra programme and participates in its annual convention since its creation in 2013. The Eye Mitra programme consists in training young primary vision care providers to bring visual healthcare to those living in remote areas of India. Over the years, the programme has been successfully expanded to other countries such as Bangladesh and Indonesia.[17][18]

Sagnières' work at the head of Essilor also includes the launch (in 2015) of "Vision Ambassadors", a programme aimed at providing basic eye care to people living in underserved areas in developing countries, and participating (together with governments, development agencies, other private companies and eye health practitioners) in "Our Children's Vision", an initiative with the ambition of testing the vision of 50 million children worldwide by 2020 (April 2013).

In April 2018, Hubert Sagnières announced Essilor's partnership with the Vision Catalyst Fund to provide ophthalmic lenses to 200 million people in the Commonwealth living below the poverty line.[19]

In December 2018, Hubert Sagnières was present at the signature of the Letter of Intent between Essilor with the Royal Government of Bhutan and the Central Monastic Body to sustainably strengthen the country's vision care infrastructure. Essilor has pledged to provide 400,000 pairs of eyeglasses for free which will be distributed to all Bhutanese citizens in need and help in strengthening the capacity of health professionals on vision care through the help of training programs and tools.[20]

During a panel discussion on the sidelines of the 74th Session of the United Nations General Assembly on 24 September 2019, Hubert Sagnières presented Essilor's evidence-based report, which includes analytical support from McKinsey & Company and quantifies the scale of the "uncorrected poor vision crisis" as well as relevant solutions. According to the report, a total investment of $14 billion over the next 30 years is required to eliminate uncorrected poor vision by 2050.[21]

Employee shareholding[]

Hubert Sagnières has strongly developed employee shareholding at Essilor as it jumped from 21% in 2016 to over 67% by the end of 2019,[22] making it one of the three French companies with the highest percentage of employee shareholders. Essilor's employee shareholding effort has been cited as an example by French President Emmanuel Macron several times.[23]

Salary and compensation[]

In 2017, Hubert Sagnières received 2,140,000 € for salary and compensation for his positions at Essilor, as well as 50,000 performance shares accounting for 2.7 million euros.[24]

EssilorLuxottica[]

On October 1, 2018, as part of the merger between Essilor and Luxottica, Hubert Sagnières holds the role of the executive vice-chairman of the new company EssilorLuxottica and remains chairman of Essilor.

Sagnières says he sees uniting Essilor and Luxottica as a way to develop the eyewear market "which is currently facing two key challenges—awareness and accessibility. There is a lack of awareness when it comes to bad vision. Secondly, there are not enough stores or access points where people can go and have their eyes checked or purchase eye-glasses, contact lenses and sunglasses."[25]

Others activities[]

Mandates outside of the Essilor Group[]

See also[]

External links[]

References[]

  1. ^ Profile: Hubert Sagnières, chairman and chief executive of Essilor Financial Times
  2. ^ Movers and shakers Eye care Professional
  3. ^ (in French) L'entretien du lundi. Interview Hubert Sagnières Directeur général D'Essilor Les Echos.fr, 29 November 2010
  4. ^ Essilor announces the appointment of Hubert Sagnières as Chairman and CEO from 2 January 2012 Archived 13 February 2013 at archive.today Le Mediascope
  5. ^ (in French) Hubert Sagnières : « Essilor s'est lancé dans les verres solaires pour répondre à un besoin de qualité » Les Echos, 3 October 2018
  6. ^ (in French) Classement : les patrons les plus performants de 2013 (CAC 40) Challenges, 18 December 2013
  7. ^ [1] The Island Now, 22 April 2019
  8. ^ [2] Invision Staff, 24 September 2019
  9. ^ [3] Amazonaws Essilor, 24 September 2019
  10. ^ Impaired vision costs 269 bln USD annually : Study Archived 21 June 2015 at the Wayback Machine NZ Week
  11. ^ Leading With a Clear Vision Forbes
  12. ^ (in French) Essilor International : crée une nouvelle fonction au sein du Comité exécutif Boursier.com, 11 April 2013
  13. ^ Essilor Creates a New Board Committee: The Corporate Social Responsibility Committee Essilor.com, 7 May 2013
  14. ^ Essilor sets up €30 million programme to combat poor vision Optician Online, 4 February 2015
  15. ^ Essilor to allocate exceptional French tax refund to the Group’s initiatives to eradicate poor vision Essilor.com, 1 March 2018
  16. ^ Essilr Spends €19M to Eradicate Poor Vision Optometry Today, 1 March 2018
  17. ^ McCormick, Emily. "Essilor partnership focuses on eye care in Bangladesh". www.aop.org.uk. Retrieved 18 February 2020.
  18. ^ Staff. "Essilor's Inclusive Business 2.5 NVG Celebrates Equipping Over 10 Million People in India With Eyecare at Eye Mitra Convention". www.visionmonday.com. Retrieved 18 February 2020.
  19. ^ Major commitments made to bring sight to millions across the Commonwealth Archived 15 May 2018 at the Wayback Machine The Queen Elizabeth Diamond Jubilee Trust, 16 April 2018
  20. ^ [4] Daily Bhutan, 11 December 2018
  21. ^ "$14B Needed to Eliminate Uncorrected Poor Vision Worldwide, Essilor Finds". invisionmag.com. 24 September 2019. Retrieved 12 February 2020.
  22. ^ "Essilor.com". Essilor Group. Retrieved 18 February 2020.
  23. ^ (in French) Epargne salariale : pourquoi Macron vante le modèle Essilor, fleuron du verre français Le Parisien, 5 March 2018
  24. ^ La rémunération du PDG d'Essilor validée sans ardeur à l'AG, avant la fusion avec Luxottica Boursorama, 24 April 2018
  25. ^ [5] Livemint, 30 May 2017
  26. ^ [6] Suny College of Optometry
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