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Luxottica, another turnaround: Vian leaves, Milleri new CEO

There is no peace for the multinational from Veneto on the eve of the merger with Essilor: after Guerra, Cavatorta and Adil Kahn, Leonardo Del Vecchio also liquidates Vian and assumes more powers alongside the new CEO Francesco Milleri.

Luxottica, another turnaround: Vian leaves, Milleri new CEO

There is no peace for Luxottica on the eve of the merger with Essilor. And the upheavals at the top follow one after another. The last surprise concerns the CEO of Luxottica, Massimo Vian, who leaves the group a few months after the natural expiry of his mandate, with a fee of 6,3 million, 3 of which in severance pay.

'Luxottica Group simplifies its governance system with the departure of the CEO of product and operations Massimo Vian three months after the natural expiry of the mandate', is written in a note from the eyewear company, which 'concentrates the powers in the hands of the executive president, Leonardo Del Vecchio, and of the vice president Francesco Milleri, who also assumes the position of managing director. Stefano Grassi, chief financial officer of the group, is co-opted to the board of directors'.

After the war, Cavatorta, Adil Kahn, now with the exit of Vian the massacre of Ad continues in Luxottica, testifying to the tormented relationship between the patron Leonardo Del Vecchio and his managers in a delicate phase for the multinational of Agordo which is preparing for merger with French giant Essilor.

 

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