Costa President and CEO set to retire
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Chas MacDonald, the man who helped Costa become one of the world’s fastest growing sunglasses brands, is stepping down as President and CEO of the company.
Since joining the Florida-based business in 2003, MacDonald, who will retire at the end of April, has led Costa through two mergers and acquisitions and overseen significant investments in its lens technology. He has also helped establish the brand as one of the leading advocates for sustainable sportfishing practices and ocean conservation.
After joining Costa, he guided the brand through its acquisition of A.T. Cross in 2003 and then later the merger with Essilor Inc in 2014. On his arrival at Costa, the company’s sales were approximately $10 million – they are now tracking to exceed $150 million by the end of the year.
His career in the optical industry spans more than 30 years and prior to joining Costa he served as President of Outlook Eyewear, as well as several management and financial positions within various divisions of Bausch & Lomb Inc, one of the best known and most respected healthcare companies in the world.
Following his retirement he will serve as a senior advisor to the Essilor Sun and Reader Division. An announcement on his successor will be made shortly.
“Chas’s incredible commitment and passion for Costa has helped propel the brand to worldwide recognition,” said Eric Thoreux, President of Essilor’s Sun and Reader Division. “His hard work and dedication to strong leadership are evident in his business success. We wish him all the best in his retirement.”
“The achievements we have enjoyed at Costa have certainly been as a result of great team work,” said MacDonald. “I would like to personally thank each and every one of my senior management staff, as well as the entire Costa organisation, for their commitment to excellence for our brand.”