Luxottica CEO Guerra Departs After Differences With Founder
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Luxottica Group SpA, the world’s largest eyewear maker, said Andrea Guerra stepped down as chief executive officer after a decade at the helm following differences with founder Leonardo Del Vecchio.
Guerra, who joined in 2004 from Indesit Co., and Del Vecchio, who started the business in 1961 and still owns a 65 percent stake, didn’t share the same goals, the billionaire founder said today at a press briefing in Milan. Del Vecchio will become part of a three-strong leadership team that will include finance chief Enrico Cavatorta.