Luxottica founder Leonardo Del Vecchio takes charge as second chief executive Enrico Cav­atorta steps down

 
Kasmira Jefford
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Luxottica owns Ray-Ban (Source: Luxottica)
Luxottica chairman Leonardo Del Vecchio has taken control of the running of the company he founded half a century ago after losing its second chief executive in six weeks.

The Ray-Ban owner announced on Sunday that Enrico Cav­atorta was quitting just over a month after the surprise exit of his predecessor Andrea Guerra.

Cavatorta and Roger Abravanel, a board member, had both resigned due to disagreements over the governance structure, Luxoticca said.

In yet another dramatic twist to the saga, the eyewear group said late on Monday that Del Vecchio had taken on executive responsibilities on an interim basis while it carries out a search for a new co-chief executive to oversee markets.

It will then name chief operations officer Massimo Vian as co-chief executive in charge of corporate functions.

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