"We did ten years with Andrea Guerra, now we will do another ten with the triumvirate, or with the three directors". This was stated by the president and founder of Luxottica, Leonardo Del Vecchio, commenting on the new top management approved today by the Board of Directors.
The model provides for an ad focused on the markets and one dedicated to corporate functions. The Board therefore appointed Enrico Cavatorta, up to now general manager of the group, managing director of the corporate functions and, pro tempore, of the markets, "pending - informs a press release - the appointment of the second managing director, which is being defined" .
Del Vecchio explained that he had “divided the responsibilities, the proxies. Of the three new administrators, two are already within the company and a third will join from outside, arriving in a fairly short time”.
Meanwhile, “we will continue to be what we have always been – explained Del Vecchio – we hope for solid growth of 7% per year”. As for the now ex CEO Guerra, “he didn't ask for anything more than what was due to him by contract, it was a very elegant exit. Guerra is a person I respect, I thank him for what he has done for the company. We didn't share the same goals, unfortunately future projects were divided. Without arguing, there was a consensus”.
Guerra's severance pay is 10 million euros.
Today in Piazza Affari, Luxottica shares gained 0,25%.
