Luxottica will give outgoing
CEO Andrea Guerra a golden parachute of 10 million euros,
company sources said Monday after a board meeting of the eyewear
giant.
Guerra is also to receive almost 600,000 euros in severance
pay and another 800,000 euros as part of a non-compete clause
for the next two years.
"We hope for annual growth of at least 7% going forward,"
said Luxottica founder Leonardo Del Vecchio.
Luxottica shares have taken a battering recently amid media
reports that Guerra was set to quit over what newspapers
including business daily Il Sole 24 Ore said was a sharp
disagreement over strategy with Del Vecchio.
Luxottica shares closed up 0.47% at 40.84 euros on Monday.
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