Sunday, October 12, 2014

Luxottica, the neo-ad Cavatorta is already at step farewell – The Republic

Luxottica, the neo-ad Cavatorta is already at step farewell – The Republic

MILAN – Enrico Cavatorta, CEO of Luxottica Group for a little over a month, is ready to welcome the company of his glasses. The manager who was supposed to pick up the legacy of Andrea Guerra joined route collissione with the patron Leonardo Del Vecchio. A nothing is served a summit meeting between the two on Sunday afternoon: the parties have not withdrawing after Cavatorta and put on the plate for his resignation. A board of directors of the giant eyewear, which is likely to take place Tuesday, October 14, is preparing to accept them.

The axis between Del Vecchio and Cavatorta, when formally it is still open season on the second CEO who would have to complete the “triumvirate” in the control room to Agordo, has been dented by the interference in the management of the company complained the manager. The consultant Francesco milleri, close to the owner’s wife Nicoletta and Gush considered professional adviser by the Del Vecchio, he would have won too much say in the management of the enterprise. At the table about three hours with the entrepreneur almost eighty years old, would not have emerged, however, the availability of the owner to accept instances of Cavatorta and “resize” the role of milleri. The patron would have rather continued to consider the consultant a trustworthy person; what’s more, the skills of milleri – in particular, the experience in the computer industry and management software – according to Del Vecchio should not be a ground of overlap with Cavatorta, which in addition to being CEO has maintained the previous delegations on the management financial reporting.

Faced with the impossibility of the situation and move in fact “disheartened” by the principal shareholder, Cavatorta would then offered resistuzione of his chair. The onus is now on the board of Agordo, where it is difficult to think that we can create a block large enough to overturn the decisions of the patron. On the contrary, it is easy to predict a large majority in favor of the backward step all’accogliere the ad and Chief Financial Officer. Precisely this dual role, on the other, indicates that it is a turning point for a company that has recently hailed the coxswain of the last decade. With a turnover of 7 billion and operability foreign markets more diverse (approximately 60% of the revenues of Luxottica is in dollars), weave the threads of the financial group Luxottica is none recently.

tints of the company’s future Agordo are tinged color management “family”, with an operational role again leading to Leonardo Del Vecchio: proababile end up entrepreneur, Interim , the proxies operational Cavatorta is preparing to leave. As for the advice, it will open the chapter of the succession of managers. It remains to be seen whether, for its replacement, we will accelerate the entry of ventilated Maria Leonardo Del Vecchio, son of the patron and the same Zampillo. In the near future, it should instead to be part of the board, formally expire with the approval of the budget in 2014, the son Claudio, played by Del Vecchio from a previous marriage.

Arguments:
Luxottica
Starring:
Enrico Cavatorta
Leonardo Del Vecchio
Andrea Guerra

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