Del Vecchio Quits EssilorLuxottica Management
Leonardo Maria Del Vecchio is stepping down from his management roles at EssilorLuxottica after reported tensions with the chief executive. He will remain an active shareholder through the family holding company Delfin.
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Leonardo Maria Del Vecchio is stepping down from management roles at EssilorLuxottica, leaving his positions as Ray-Ban chairman and chief strategy officer by August 31. The departure follows reported tensions with Chief Executive Francesco Milleri in Italy. EssilorLuxottica shares fell 0.8% following the announcement.
