Structure and responsibilities

GrandVision has a two-tier governance structure consisting of a Management Board and a Supervisory Board. Currently, the Management Board consists of the CEO and the CFO, while the Supervisory Board is made up of four Supervisory Directors.

Management Board

The Management Board is responsible for the achievement of GrandVision’s objectives, including those related to the areas of strategy, policy, quality and sustainability as well as the day-to-day operation of the Company. In performing its duties, the Management Board is guided by the interests of GrandVision and all of its stakeholders.

Supervisory Board

The Supervisory Board oversees GrandVision’s overall performance, including the policies pursued and results achieved by the Management Board. It monitors the Company’s financial situation and reviews the financial statements and the strategy pursued by the Management Board. It approves important proposals for capital expenditures, acquisitions, divestments and changes to financial and other corporate policies, as well as the annual budget and long term plan.

The Supervisory Board also has the responsibility to evaluate the performance of the Management Board and the CEO and CFO individually. It proposes any changes to the composition of the Management Board which it deems necessary to the General Meeting. The Supervisory Board is also responsible for reviewing its own performance and proposing any changes in its composition to the General Meeting. The Supervisory Board ensures that the Company’s policies are formulated and pursued in the interests of all of GrandVision’s stakeholders and that these policies are sustainable and meet ethical standards.

The Supervisory Board appoints an Audit Committee, a Nomination Committee and a Remuneration Committee from among its members. The Supervisory Directors have been carefully selected to ensure that they offer GrandVision a comprehensive range of relevant experience in areas such as international retail, customer service, supply chain management, technology and finance.

Management Board

  • Stephan Borchert

    A German national, Mr. Borchert joined GrandVision as Management Board member on 15 January 2018 and was appointed as CEO per 28 February 2018. He has in depth retail experience with a variety of service-oriented retailers. Prior to joining GrandVision, he was EMEA president of Sephora. Mr. Borchert began his professional career at fashion retailer Peek & Cloppenburg and then became a partner at Roland Berger Strategy Consultants. He went on to become president of Red Earth in Hong Kong and managing director of the international business of multinational cosmetics company Douglas. Subsequently, he became member of the Executive Board at Celesio, a German healthcare and pharmaceutical company owning pharmacies in numerous countries. He holds a degree in Business Administration from the University of Dortmund.

    • Willem Eelman

      CFO

      A Dutch national, is the former CFO and Chief Operations Transformation Officer of C&A Europe, a leading clothing retailer in Europe. Prior to joining C&A, he held several senior roles at Unilever, including CFO Europe and its Chief Information Officer. In addition, Willem Eelman has been a member of GrandVision’s Supervisory Board since 2011 and has been acting as Chairman of the Audit Committee since 2011. Mr. Eelman stepped down from GrandVision’s Supervisory Board on 2 April 2019.

      Supervisory Board

      • Cornelis (Kees) van der Graaf

        A Dutch national, Mr. van der Graaf is a former member of Unilever’s Board of Directors and Executive Committee. He holds non-executive director positions at Basic Fit, Carlsberg and EnPro. He is founder and Chairman of FHSD Unlimited, a bio-tech start-up.

         
        • Chairman
        • First term since IPO: 2015
        • Reappointment: 2018
        • Current term of office: up to and including the 2022 Annual General Meeting
        • Member of the Nomination Committee
        • Member of the Remuneration Committee
        • Year of birth: 1950
        • Rianne Meijerman

          A Dutch national, is a senior leader at Royal Philips, where she currently holds the position of Head of Marketing Transformation. She has built an international career with a strong track record of business leadership and innovation management. Prior to joining Royal Philips, she worked at A.S. Watson Group, the world’s largest international health and beauty retailer, in several commercial and procurement leadership roles. Ms. Meijerman holds a Business Administration degree and graduated cum laude from Maastricht University, The Netherlands.

           
          • First term appointment: 2019
          • Current term of office: up to and including the 2023 Annual General Meeting
          • Year of Birth: 1978
          • Grita Loebsack

            A German national, Ms. Grita Loebsack, joined Essilor in July 2018 as Chief Marketing Officer. She is a member of the Executive Committee. Ms. Loebsack began her career as a strategy consultant with Oliver Wyman. In 1996, she joined L'Oréal (16 years) where she held local and global marketing roles in the Consumer and Professional Divisions. She was appointed General Manager and then Managing Director of the UK and Ireland (3rd largest subsidiary) where she spent six years. In 2012, she joined Unilever as EVP Global Skincare before joining Kering in 2015 as CEO Fashion and Leathergoods for a diverse fashion portfolio. Ms. Loebsack is a member of the Supervisory Board of Virbac, a French pharmaceutical company dedicated to animal health since 2013. She is also an advisor of Felix Capital (Goop, Farfetch, Yoobic) and worked with Bain Capital on numerous projects (digital, retail, apparel and beauty industry). Ms. Loebsack graduated from the London School of Economics (1991) and holds an MBA from Insead (1995). Thanks to her international upbringing (Brazil, Argentina and Philippines) she speaks five languages fluently. Ms. Loebsack does not hold any shares in GrandVision.

             
            • First term appointment: July 2021
            • Current term of office: up to and including the 2024 Annual General Meeting
            • Year of birth: 1970
            • Sara Francescutto

              An Italian national, Ms. Sara Francescutto, is an executive of Luxottica. She joined Luxottica in 2000 and she covered different roles in Luxottica across the finance department including controlling, treasury and M&A. In 2009 she was appointed Group Wholesale business controller, and in 2011 Group M&A Director. In 2014, Ms. Francescutto was promoted to CFO of Luxottica South Pacific Holding Pty (Australia and New Zealand optical and sun retail business). Since the end of 2017, she is Head of Market Business Controlling. In 2000, Ms. Francescutto graduated from the MBA Program at MIB Trieste. Ms. Francescutto does not hold any shares in GrandVision.

               
              • First term appointment: July 2021
              • Current term of office: up to and including the 2024 Annual General Meeting
              • Year of birth: 1974
              • Claudia Giganti

                An Italian national, Ms. Claudia Giganti, is Head of Real Estate Controlling of Luxottica. She joined Luxottica in 2011 as Business controller and planner in the Wholesale Division. From 2014 to 2016 she worked in the Corporate Forecasting Division being promoted to Corporate Real Estate Controller in 2017. Since 2018, she supervises the Luxottica Worldwide store portfolio strategy. In 2011, she started her career in KPMG, working for a short period as a consultant in the Risk & Compliance division. Ms. Giganti obtained her Bachelor’s degree in Economics and Social Sciences in 2009 and Master of Science in Management in 2011 both from Bocconi University, with a visiting period at Queen Mary University of London and Copenhagen Business School. Ms. Giganti does not hold any shares in GrandVision.

                 
                • First term appointment: July 2021
                • Current term of office: up to and including the 2024 Annual General Meeting
                • Year of birth: 1987
                • Eric Léonard

                  A French national, Mr. Eric Léonard, is an executive at EssilorLuxottica. He joined Essilor in 2002 as Chief Procurement Officer, he was then appointed General Manager for Essilor France in 2005, President of Essilor Europe in 2010, President of Essilor of America in 2014. Since 2019, he is co-Chief integration officer of EssilorLuxottica. Mr. Léonard started his career in 1990 as purchasing manager for PSA Peugeot Citroen. He then worked for The Boston Consulting Group in France and the USA before joining Essilor International. Mr. Léonard earned a master’s degree from École Centrale de Lyon and an MBA from INSEAD. Mr. Léonard currently holds no shares in GrandVision.

                   
                  • First term appointment: July 2021
                  • Current term of office: up to and including the 2024 Annual General Meeting
                  • Year of birth: 1966