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Jim McGrann Named VSP Global President/CEO, Effective October 1

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(Press Release) VSP Global, the nation’s largest healthcare organization by membership, has named Jim McGrann, current VSP Vision Care President, as President and CEO of VSP Global, effective October 1, 2015. McGrann will succeed Rob Lynch who has served as CEO since 2006.

Following over three years in his role as President of VSP Vision Care, the nation’s largest vision insurance provider, McGrann oversaw the growth of VSP’s membership from 56 million to 75 million.

McGrann also facilitated the expansion of VSP’s insurance offerings into Great Britain and Ireland. Additionally under McGrann’s leadership revenue for the Vision Care division grew from $3.2 billion to a projected $4 billion by year end.

“Rob Lynch has been a transformational leader for VSP. He retires having laid a strong foundation for the future of our company and I am pleased that he will be continuing as a member of our Board of Directors,” said Randy Lee, O.D. and VSP Global Chairman of the Board.

“Jim McGrann has a clear vision for the future of VSP and the board is unanimously confident that he will maximize the opportunities that lay before us. Jim’s focus on integration and capitalizing on the synergies of each of the divisions will yield tremendous benefits to our panel members, our clients and, most importantly for our 75+ million members.”

Prior to joining VSP Global in 2008 as President of Eyefinity, McGrann served as Senior Vice President and Chief Information Officer for nine years at Marchon Eyewear, Inc.

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In 2010, he became VSP Global’s Chief Technology Officer and Chief Executive Officer for Eyefinity. In 2012, he became President of VSP Vision Care. Before joining Marchon, Jim spent fifteen years as a management consultant and partner for Andersen Consulting, Price Waterhouse Coopers, IBM Global Services and Ernst & Young.

McGrann has been a catalyst for change within VSP Global, leading key initiatives, including: web-based sales force automation, SAP implementation, supporting the development of a centralized European Distribution Center that consolidated seven operating units, and implementing IT governance and program management best practices.

“To ensure the continued success of any company, succession planning is a necessity and Jim was identified early on as a strong candidate to one day assume the responsibilities of this job,” said Rob Lynch, outgoing President and CEO of VSP Global. “I am confident that Jim McGrann is the right leader at the right time with the right expertise to continue VSP’s growth for years to come.”

McGrann assumes the role of a more diversified company than the VSP Lynch took the reins of in 2006. Lynch oversaw the evolution of VSP into a vertically integrated global company by executing on more than 30 different acquisitions.

Marchon Eyewear, Inc., the world’s third-largest manufacturer and distributor of eyewear, marked the largest of those acquisitions, but other key components of the new VSP include: a unified network of laboratories that has evolved from two in 2006 to the 14 VSP has today as well as the addition of AcuityLogic, a practice management solution that moved Eyefinity into cloud computing in 2010. Lynch departs his management role within VSP Global having guided the company to becoming a projected $5 billion revenue company by year end.

“Since 2006, Rob has doubled VSP’s revenue while also remaining committed to the company’s mission of helping people see by nearly tripling the number of low-income and uninsured children and adults who have received free eyecare and eyewear to the over 940,000 today,” said Jim McGrann, VSP Global’s President and CEO-elect.

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“From this position of strength, I look forward to further delivering on that mission and continuing to reimagine how eye care and eyewear are delivered for years to come around the world.”

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EssilorLuxottica Enters Fortune Magazine’s 2019 Change the World List

It’s at the 17th spot on the list.

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(PRESS RELEASE) EssilorLuxottica has made Fortune magazine’s 2019 Change the World list, taking the 17th spot on this annual prestigious list, which recognizes companies that have had a positive social impact through activities that are part of their core business strategy. Among 52 companies, the Group is honored in particular for its commitment to bring good vision for everyone everywhere and eradicate poor vision, as part of its mission to help people ‘see more, be more and live life to its fullest’.

Even though a pair of eyeglasses can answer most of the world’s vision needs while protecting and framing the beauty of our eyes, the lack of awareness and access have led to a global vision crisis with severe social and economic consequences for billions of people.

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The ranking highlights EssilorLuxottica’s efforts of “doing well by doing good” and how its action to address issues of vision health across the world has a significant positive social impact on people’s lives, while also representing a significant shared value opportunity. With 6.6 billion people on the planet estimated to be in need of vision correction by 2050, of which 5 billion will be affected by the myopia epidemic, taking action without delay is key.

Hence, EssilorLuxottica exists to give vision a voice and respond to the world’s growing vision needs by meeting the changing lifestyles of existing consumers and inventing new ways to reach the 2.5 billion people who suffer from uncorrected poor vision and the 6 billion people who do not protect their eyes from harmful rays.

One of the Group’s initiatives include the launch of the 2.5 New Vision Generation (2.5NVG) and BoP Innovation lab by Essilor in 2013, a line of more affordable and stylish prescription glasses targeted at the 2.5 billion people who suffer from uncorrected poor vision, of which 90% live in base-of-the-pyramid (BoP) economies. With the help of more than 600 partners – from governments to NGOs to corporates – 2.5 NVG and the BoP Innovation Lab have enabled access to a pair of glasses for more than 25 million people across 62 countries in need of vision correction, and empowered nearly 12,000 micro-entrepreneurs to set up their own businesses, providing sustainable access to vision care to 250 million people.

Luxottica as well, through its support for OneSight, an independent non-profit organization of which the company is the founding sponsor, provides access to quality vision care and glasses in underserved communities worldwide. Since 1988, OneSight has partnered with local health organizations, governments, school districts, industry leaders, doctors and volunteers impacting over 21 million people in 49 countries and counting—creating opportunity and sustainable change along the way. So far, it has established 131 sustainable centers in countries like Rwanda, China and the United States, and hosted over 1,420 charitable clinics globally.

Pleased to be recognized by Fortune on their 2019 Change the World list, Jayanth Bhuvaraghan, head of mission at EssilorLuxottica, commented: “Eradicating poor vision is not only a unique business opportunity but a big responsibility for us as an industry leader. If nothing is done, billions of people in the world will continue to suffer from uncorrected poor vision. This will not only have negative social and personal repercussions but will also severely impact various economies in the world. Therefore, we strive to drive innovation across the market with the goal of providing the best vision care solutions, creating and establishing access points, awareness for good vision and bring good vision and quality products to everyone everywhere in the world.”

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Press Releases

Eyemart Express Announces as Senior Vice President of Store Operations

He will focus on executing the optical retailer’s new store growth goals, driving customer service, and ensuring associate development.

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(PRESS RELEASE) Eyemart Express, a leading national value optical retailer and the fastest provider of quality prescription eyewear in the industry, announced the hiring of Bill Butler as senior vice president of store operations. Mr. Butler will focus on executing the optical retailer’s new store growth goals, driving customer service, and ensuring associate development. He will work closely with executive and store leadership teams to refine Eyemart Express’ store operations procedures — ensuring the optical retailer’s 203 stores nationwide optimize retail and lab productivity and deliver a world-class customer experience.

“We are pleased to welcome Bill to our executive team,” said Michael Bender, Eyemart Express CEO. “His proven track record in operations, along with his team-centric leadership style, aligns with our growth goals and cultural values. He will be a great asset to our team as we continue to provide our customers with access to affordable, high-quality prescription eyewear through our unique and convenient same-day business model.”

Mr. Butler formerly served as vice president, operations at CVS Health, where he oversaw operations in both the West and Midwest regions. Prior to that, he held a variety of roles at Omnicare, Ardent Health Services and Deloitte.

“I am delighted to join the Eyemart Express team as it grows and enhances the customer experience in stores nationwide,” said Mr. Butler.

Learn more about Mr. Butler and the Eyemart Express leadership team at: https://www.eyemartexpress.com/about#leadership.

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Press Releases

Pearle Vision and NEXCOM Partner to Bring Optical Stores to Naval Bases

They will open between late August and September.

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(PRESS RELEASE) MASON, OH — Pearle Vision and the Navy Exchange Service Command (NEXCOM) have partnered to bring national optical retail centers to naval bases in Virginia Beach, VA, San Diego, CA, and Groton, CT, with the opportunity to expand to additional bases in the future. This is Pearle Vision’s first partnership with a military organization and NEXCOM’s first partnership with a national optical retailer.

“Pearle Vision’s partnership with NEXCOM represents a win-win opportunity for both our brand and for the patrons served by NEXCOM,” said Alex Wilkes, general manager for Pearle Vision. “We are pleased to be able to create this new, alternate channel with exciting potential for growth, and we also are proud to support NEXCOM’s commitment to providing valuable, quality products and services to the military personnel at these three naval bases.”

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NEXCOM brings a breadth of goods and services to naval bases to enhance the quality of life for active-duty military, retirees, reservists and their families. The Pearle Vision partnership complements NEXCOM’s strategy to provide value to its patrons through partnerships with national brands such as Wendy’s, Chili’s, Apple, Pandora and UPS.

“This contract with Pearle Vision will support our mission to enhance the quality of life for our military members and their families stationed at these Naval bases,” said Greg Thomas, senior vice president, store operations, NEXCOM.

The three corporately owned Pearle Vision EyeCare Centers will open between late August and September. The EyeCare Centers on base will be open to those with a military ID, and online eye exam scheduling will be available at pearlevision.com.

The new Pearle Vision EyeCare Centers will feature a selection of premium eyeglass frames and contact lenses.

Following the Pearle Vision model of having eye doctors and retail under one roof, the centers will have optometrists on-site. The EyeCare Centers will accept Tricare and other national insurance plans.

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