Leonardo Maria Del Vecchio quits EssiLux management roles
Leonardo Maria Del Vecchio, a prominent member of the Italian eyewear family, has announced his decision to relinquish his management positions within EssilorLuxottica, according to Reuters on August 25. The Franco-Italian company confirmed the news, originally reported by Italian daily MF-Milano Finanza. Leonardo Del Vecchio, the son of the late founder of Luxottica, is set to resign as chairman of the Ray-Ban brand and as chief strategy officer on August 31.
In a statement, EssilorLuxottica expressed gratitude for his contributions to the group's growth and the realization of the strategic vision established by his father. The company wished him success in his future endeavors. According to the MF report, Del Vecchio had criticized the management style of CEO Francesco Milleri in a resignation letter obtained by the newspaper.
He alleged that the company was being run in a distant and impersonal manner. Notably, the Del Vecchio family holding, Delfin, is the primary shareholder in EssilorLuxottica, owning a 32.4% stake in the business.
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