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Luxottica Founder’s Son to Leave EssilorLuxottica Amid Succession Dispute

EssilorLuxottica logoEssilorLuxottica
Sig3.05Sen-2.55Env0.00Soc0.00Gov-3.20

Del Vecchio, chief strategy officer at EssilorLuxottica, plans to depart amid disputes over family succession. The Del Vecchio holding company Delfin, based in Luxembourg, owns about 32.4% of the eyewear group. Del Vecchio cites a looming inheritance and responsibility shift, but faces opposition from other heirs and reservations from Delfin’s board, and criticizes chairman Francesco Milleri’s management style as remote and impersonal.

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