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Luxottica, the Stock Exchange likes the new co-ad Adil Mehboob-Khan

The reorganization of the group ends with the appointment of an engineer born in 1964 who worked for 27 years in Procter & Gamble - The title leads the Ftse Mib.

Luxottica, the Stock Exchange likes the new co-ad Adil Mehboob-Khan

One hour after the start of trading, the Luxottica share on the Stock Exchange gains about two percentage points (to 38,88 euros), achieving the best rise in the Ftse Mib, which in the same minutes travels positive by 0,3% . 

The purchases of the eyewear giant's shares were triggered by the news that the board has finally chosen the new co-CEO, Adil Mehboob-Khan, which enters the scene after the two sensational resignations arrived in the space of a month first by Andrea Guerra, then by his designated successor Enrico Cavatorta.

From October 29, when the next meeting of the Luxottica board of directors will be held, the new manager will have to share the leadership of the group with Massimo Vian, promoted by the founder Leonardo Del Vecchio after Cavatorta's surprise step back. 

From January 1964, however, Mehboob-Khan will leave the presidency of Wella (Procter & Gamble group). Engineer, born in 1987, he has been with P & G since XNUMX, the year in which he graduated in London. He lived in Italy for a long time and now resides in Geneva. He will be responsible for markets and finance, while Vian will be responsible for supervising operations and the product.

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