Enrico Cavatorta leaves the leadership of Luxottica after just 30 days. The manager of the great refusal, estimated by the patron of Leonardo Del Vecchio, who had wanted as a managing director on the bridge after the departure of Andrea Guerra took place less than two months ago, decided today, after a cordial conversation for 3 hours with the president of the new headquarters in Piazza Cadorna.
His farewell should allow you to bring in council adviser Francesco milleri, persona grata to the wife of Del Vecchio, Nicoletta Gush, but not outgoing Chief Executive Officer to other members of the board of directors, which, in a special meeting expected today or Friday, could follow in the footsteps of Cavatorta and leave, taking down the whole board. The scenario is possible, but can not exclude a more conservative plan B, with the entrance on the board of an internal member, capable of leading the group until the meeting next spring, when the Council will decay naturally.
I am sensitive to Luxottica hours and anything can happen. At the epicenter of the earthquake is a large family and not just united, at least in business, with Mrs. Del Vecchio that would immediately milleri in the council, as a person of trust. It is the first time that the owner of Luxottica, the father of 6 children by 3 different reports, is faced with issues that go beyond the strategic or operational decisions for the group.
The rift with Andrea Guerra, moreover, had consumed just as a matter of business strategy, but here it is to put some order among the shareholders, who are also the family members of the same Del Vecchio, after the request of the wife who is the mother of Leonardo Maria Del Vecchio, to enter into society with 25% of the shares. A request which requires the filing of the package that are the 16,38 Delfin, a safe family, owner of 61.35% of Luxottica, in the hands of each of the children. Del Vecchio has only 1.72% of the housing and financial offers of shares in the hands of the children by way of beneficial interest, therefore, in the case of succession, you could open a legal dispute between Ms Gush and at least 5 of the 6 children Del Vecchio on the respective amounts due.
On the filing of the current packages in dowry to the Del Vecchio junior, however, the situation is complicated by the refusal of the partner Del Vecchio, Sabrina Grossi, mother, and for this representative of children Luke and Clement, who does not seem willing to accept the proposed conditions. For this reason, perhaps, the entry of milleri in Cda could allow Del Vecchio to find a point of mediation in family.
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