Cavatorta Says Luxottica’s Strategy On Track, Company to Re-examine ROI, New Co-CEO to Come From Outside

By Staff
Monday, September 01, 2014 2:14 PM MILAN—In a conference call with financial analysts here following Luxottica’s announcement of a new co-CEO structure for corporate and markets functions and the departure of Andrea Guerra, as previously reported by VMail today, new CEO Enrico Cavatorta reiterated that the company’s strategic direction remains constant, adding that any disagreements between former CEO Guerra and Luxottica founder and chairman, Leonardo Del Vecchio and the company’s board “had more to do with differences of opinion over the approach of the shared CEO structure and the new organizational model rather than any other issue.”

Luxottica Details Guerra’s Exit Agreement, Including Payments and Two-Year Non-Compete

By Staff
Monday, September 01, 2014 12:45 PM MILAN—With reference to the agreement to terminate the employment and administration relationship between Andrea Guerra and Luxottica Group S.p.A. (NYSE: LUX), as reported earlier today by VMail, Luxottica acknowledged in a statement posted to its website, that at its board meeting today it had resolved that Andrea Guerra is to be paid a redundancy incentive equal to the gross total amount of €10,000,000 in addition to the severance pay linked to the consensual termination of the employment relationship and inseparably linked to the administration relationship, which has also been terminated, effective immediately.

Luxottica Sets New Co-CEO Model, Guerra to Leave, Cavatorta Named CEO Corporate, Interim CEO Markets

By Staff
Monday, September 01, 2014 10:30 AM MILAN—Following a board meeting here today, Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), announced the introduction of a new management structure based on a co-CEO model, one focused on Markets and the other dedicated to Corporate Functions.

September Sports Eye Safety and Injury Prevention Month Begins

By Staff
Monday, September 01, 2014 12:33 AM NEW YORK—Health organizations throughout the U.S. are recognizing September as “Sports Eye Safety Awareness Month” and “Sports Eye Injury Prevention Awareness Month.”

Prevent Blindness Seventh Annual Swing Fore Sight Golf Tourney Set for Sept. 17

By Staff
Monday, September 01, 2014 12:30 AM CHICAGO—The Seventh Annual Prevent Blindness Swing Fore Sight Golf Tournament, held in conjunction with Vision Expo West, will take place on Wednesday, Sept. 17, 2014, at the Spanish Trail Country Club, Las Vegas.

Mondottica Appoints Monica Dal Cin to International Business Development Director

By Staff
Monday, September 01, 2014 12:27 AM LONDON— Mondottica Ltd has announced the appointment of Monica Dal Cin as the new international business development director, effective immediately.

National Eye Institute to Host Webinar to Help Professionals Educate Older Americans About Their Aging Eyes

By Staff
Monday, September 01, 2014 12:24 AM WASHINGTON, D.C.—The National Eye Health Education Program (NEHEP) of the National Eye Institute (NEI) will be hosting a national webinar on Sept. 10, "Educating Older Americans About Their Aging Eyes."

Unilateral Pricing (UPP) Is Topic of September 3 ‘Power Hour’ Featuring ABB Optical Group's Angel Alvarez

By Staff
Monday, September 01, 2014 12:18 AM FRANKLIN LAKES, N.J.— Unilateral Pricing (UPP) and what it means for ECPs will be the topic of the Sept. 3 “Power Hour,” featuring ABB Optical Group CEO, Angel Alvarez. “The Power Hour” is the weekly radio broadcast hosted by Gary Gerber, OD, founder of The Power Practice.

Nova Southeastern Optometry Student Broussard Wins First VSP Marvin R. Poston Leadership Award

By Staff
Monday, September 01, 2014 12:15 AM RANCHO CORDOVA, Calif.—Alexis Broussard, a second year optometry student and president of the National Optometric Student Association (NOSA) chapter at Nova Southeastern University, College of Optometry in Fort Lauderdale, Fla., is the first recipient of the VSP Marvin R. Poston Leadership Award.

Video Stars on VisionMonday.com

By Staff
Monday, September 01, 2014 12:15 AM NEW YORK— Despite the fact that MTV plays very few actual music videos these days, they still hold their annual Video Music Awards (VMAs) to honor the year’s best videos. Held on Sept. 23, this week’s Bold Face: Video Stars features three of the most talked about stars from this year’s awards in eyewear from Marchon, Dita and Safilo just as likely to set tongues a’ wagging.

Successful Bids Entered at Auction of Optical Practices in Bankruptcy of MacKeyser Holdings/American Optical Services

By Staff
Friday, August 29, 2014 12:33 AM WILMINGTON, Del.—All but three of the 21 locations up for auction during the bankruptcy proceedings of MacKeyser Holdings and its subsidiaries (which include American Optical Services) were successfully bid on during the auction held earlier this week on Tuesday, Aug. 26, 2014. All successful bids are pending approval by the bankruptcy judge.

Allergan Requests Calif. Court Block Valeant/Pershing Square From Voting Shares; Sets New Dec. 18 Date for Special Meeting

By Staff
Friday, August 29, 2014 12:30 AM IRVINE, Calif.— Allergan, Inc. (NYSE: AGN) has asked the United States District Court for the Central District of California to set an expedited schedule for discovery and a motion for a preliminary injunction against Valeant Pharmaceuticals (NYSE: VRX), Pershing Square Capital Management, L.P. and its principal, William A. Ackman, for violations of the federal securities laws, according to an announcement from Allergan.

New Speaker on Millennials + Technology Added to 'Digitizing The Store' VM LIVE Program

By Staff
Friday, August 29, 2014 12:27 AM NEW YORK – Millennials expert and author Jeff Fromm has joined the upcoming program, “Digitizing The Store,” a special VM VM LIVE two-hour program, examining how new technologies are transforming the patient experience and doctor/retailer/patient dynamics.

Alcon to Acquire WaveTec Vision, Developer of Intra-Operative Measurements for Cataract Surgery

By Staff
Friday, August 29, 2014 12:24 AM FORT WORTH, Texas – Alcon, division of Novartis Group (NYSE: NVS), announced this week that the company has entered into an agreement to acquire Aliso Viejo, Calif.-based WaveTec Vision, a privately-held company that developed the ORA System, the first commercialized intra-operative guidance system for cataract surgeons implanting intra-ocular lenses (IOLs).

Advantica Names James Scheib Vice President of Sales

By Staff
Friday, August 29, 2014 12:21 AM ST. LOUIS, Mo.—Vision and dental benefits provider, Advantica has named James W. Scheib, Jr., vice president of sales. He will oversee the sales and account management of the company’s vision and dental commercial products.
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