All change at the top as companies reshuffle their boardrooms

 
City A.M. Reporter
Andrea Guerra is to quit as chief executive of Luxottica

TWO TOP NISA EXECUTIVES TO DEPART

Convenience store group Nisa said yesterday that two of its most senior executives are to leave the business. Chief executive Neil Turton is stepping down in spring next year after 23 years with Nisa for a role at a “non-competing business.” Chief operating officer Amanda Jones is also leaving to join Conviviality Retail.

KERING’S CHRISTOPHE MELARD QUITS

Luxury goods group Kering said Christophe Melard is to step down as chief executive and president of its footwear brand Sergio Rossi to pursue “new professional challenges” elswhere. Kering’s couture and leather goods boss Marco Bizzarri is to take up his role while Kering hunts for a successor.

ANDREA GUERRA LEAVES LUXOTTICA

Andrea Guerra is to quit as chief executive of Luxottica after differences with the founder of the eyewear group Leonardo Del Vecchio. The Ray-Ban owner said Guerra will receive a severance package of £9m. He will be replaced by finance chief Enrico Cavatorta and a second co-chief executive.

PICTET HIRES FORMER BARINGS TRIO

Pictet Asset Management has hired Barings’ former multi-asset team Percival Stanion (pictured), Andrew Cole and Shaniel Ramjee weeks after they resigned from the firm. Stanion will join as vice chairman while Cole and Ramjee will join as portfolio managers.
Update: This article was updated to remove the start date of Percival Stanion as a start date has yet to be agreed.

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