Luxottica to peak in the stock market after the change of leadership. Vian instead of … – Il Sole 24 Ore

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This article was published on 12 October 2014 at 18:50.
The last change is the 13 October 2014 at 11:55.

Luxottica was readmitted to trade in Piazza Affari after an extension of the auction pre-opening nearly half an hour. The opening title has sold 10.08% to 36.9 euro in the aftermath of the resignation of the Ad Enrico Cavatorta (follow the title in real time). Today there will be a meeting of the board which is announced on fire.

Shortly before the opening of the Stock Exchange chairman Leonardo Del Vecchio, Luxottica has decided to propose to the Board to co-opt Massimo Vian to the role of co-CEO with proxies for the area Operations and Product and, ad interim, for those functions and Corporate Markets. It said in a statement.

Del Vecchio also reports that “it is currently studying a reorganization of Delfin ‘safe family that controls the group of eyewear,” with the aim of improving the governance and further separate ownership from management of portfolio companies. ” For this, the patron of the group specifies that the input of the board of directors son, Leonardo Maria, “has never been taken into account” and that the eldest son Claudio, today in the board “will not be reappointed to the natural expiration of the term of office for provide uniformity and consistency in the positions of all members of the family. “

Del Vecchio’s announcement comes after the resignation of Henry Cavatorta. The estimated super manager has left only a month after his appointment to the post of CEO Andrea Guerra. The cause of the rupture between Cavatorta and Del Vecchio always acts just be the new role of the consultant, Francesco milleri, a family friend and close to Del Vecchio’s wife, Nicoletta Gush, would be taking on the management of the company Agordo. The management of the last hours of the delicate game at the top does not seem to like either the board of directors that would also considering to resign.

A little had served long confrontation yesterday afternoon between the CEO and the founder of Luxottica Group, Leonardo del Vecchio. After fifteen years of long and consolidated estimate something between the two broke.

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