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Stock Market & Financial Investment News

News Breaks
March 25, 2013
09:00 EDTLUXLuxottica falls 2.3%
Luxottica is down 2.3%, or $1.19, to $50.60
News For LUX From The Last 14 Days
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September 2, 2014
05:34 EDTLUXLuxottica says Andrea Guerra leaves as CEO
Luxottica yesterday announced the introduction of a new management structure based on a co-CEO model; one focused on Markets and the other dedicated to Corporate Functions. "The evolution to a co-CEO leadership structure with distinct and complementary responsibilities will ensure stronger management of the Group, which has rapidly increased its size, complexity and global presence in recent years," the company said. Enrico Cavatorta, current General Manager and CFO of the Group, was appointed CEO of Corporate Functions. He was also named as Interim CEO of Markets, pending the appointment of a permanent executive to this position. Operations, led by Massimo Vian, will temporarily report to the Chairman, Leonardo Del Vecchio. An Executive Committee, led by the Chairman, will be created. "The appointment of Enrico Cavatorta ensures the promotion of internal managerial excellence and provides the necessary strategic continuity. At the same time, the forthcoming appointment of an external co-CEO will introduce fresh energy and expertise in an important phase of evolution for the Group," it added. Luxottica explained, "Following a period of debate with Chairman Leonardo Del Vecchio over the Groupís future strategy and direction, Andrea Guerra leaves as Group CEO after a 10-year period of organizational consolidation and managerial growth." Luxottica confirmed its "strategic priorities to guarantee sustainable long-term growth, with increased focus on return on investment and on further improving efficiency."
September 1, 2014
12:16 EDTLUXLuxottica CEO Andrea Guerra tenders resignation, FT says
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August 25, 2014
15:34 EDTLUXLuxottica calls board meeting to consider management structure
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August 20, 2014
06:31 EDTLUXLuxottica says chairman, CEO discussing strategy for awhile, Reuters says
Luxottica said CEO Andrea Guerra and chairman Leonardo Del vecchio have been discussing the optimum strategy for the company for awhile after press reports were issued that Guerra is looking to exit the firm, according to Reuters, citing a statement from the Italian company. Reference Link

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