INTERVIEW
Milan , January 29, 2016 – 22:38
Leonardo Del Vecchio back to take the reins of Luxottica. In the year in which the group of glasses reaches the record of 9 billion euro, the entrepreneur has once again hand the governance deciding to take operational powers firsthand. The board of directors yesterday approved the turnover of 2015, it has launched a new structure. Slimmer: Del Vecchio, 80, former president, becomes executive chairman, while Massimo Vian remains single CEO. Comes out, therefore, Adil Khan, the CEO called a year ago to follow the markets. A separation agreement, said the group. “It was a privilege to work alongside Massimo and the Cavalier Del Vecchio in a strong, beautiful and a great example,” said Khan, who has participated in any meeting of the board. A tip when we talked at length about the new structure. Del Vecchio is the entrepreneur that most of all he is identified with the separation of ownership and management.
Why this choice of operating return?
“Why the company needs to be quicker and easier to make decisions. The summit with the two co-CEOs did not allow this speed. But I want to emphasize that I have against Adil Khan a deep appreciation and respect. ” He had a change of management to managers? “It was not my intention to change my mind. I chose a young manager, Dr. Guerra, thinking be occupied directly by Luxottica. As long as the managing director, who was the manager, he has begun to look to another. I asked a question about what his intentions were, as is normal, and how did the council today also with me. I replied that I wanted to take his place, putting their backs to the wall. They came back to Luxottica to support the new management thinking to come out in December last year. ”
And instead?
“Going back to talk to people, visiting branches, going in different markets I realized that the company was back. Let me give an example: the integration with Oakley, which after eight years has not yet been completed. Now we have a plan because it will end in 2017, ten years after its acquisition. But these are not times nor markets that allow such slowness. Another example: the internet. There are much smaller groups of us who make substantially larger numbers with e-commerce. From the last year and a half we are recovering, we grow by 50%. Luxottica is a great company, but if a company does not follow the time in which he lives gets old. I do not want that to happen. We have before us a beautiful future. ”
The market will appreciate?
“Luxottica could not get the results that if he had a solid management structure. And the market knows it. In the last year and a half the stock rose from 40 to a maximum of 66 Euros. ” How long will his commitment? “Time to make the company leaner and faster, we have a plan for reorganizing and simplifying by 2017 all the commercial, marketing and markets. He will remain at least until that date. But it is my duty to think about the succession and I have already started to look into the company. We have some excellent second lines, my successor is among them. ”
He is not thinking of a family member, then.
“I would never leave a child in such a big company, I would not give this sentence. It takes a team of young managers: the best among them will give continuity. As for the family, we have a holding, Delfin, in which each child has the same height and when the time comes where I will go “on vacation” add dividends according to the rules of the Statute that we have approved. ”
No more external managers, but internal promotions. Even General expressed his hope that it does.
“Now you have created a super market manager to which the market gave a magnitude that it is right that they ask certain figures. What I regret is that when they go out to seek excuses. But if you were number two and you have to take the number one it is normal to leave. No need to make excuses. “
Confirmation doubling of revenues Luxottica in 10 years?
“Certainly. It is a result that we will achieve even without acquisitions. ”
Why do not we do more?
“Because we have a chance to double only developing what we have, our programs are very accurate. If acquisitions will grow more. “
The United States is your main market . They are good, but some say that will not last long.
“Although Europe and the United States are considered mature markets continue to give us great satisfaction. It is why we have been slow in entering Asia. Today this favors us because it gave us time to understand the market. We tested and understood that we must enter China with our own sales network. We’re creating, I will be in Beijing in late February. “
January 29, 2016 (modified January 29, 2016 | 22 44)
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