Ray-Ban Maker Considered Removing Executive After Fraud (1)

EssilorLuxottica’s management dispute flared up again as French directors blocked a plan by their Italian counterparts to oust the head of the Essilor lensmaking business.

The board of directors had a heated meeting Thursday in which some members demanded the resignation of Essilor Chief Executive Officer Laurent Vacherot following a 190 million-euro ($215 million) fraud discovered at a plant in Thailand. The motion was sidelined because the vote was split between representatives of the French and Italian sides of the company, according to people familiar with the board’s discussions.

Essilor didn’t immediately respond to a request for comment. The people ...