Luxottica shares shed 8.51%
in early trading on Monday as investors gave the thumbs down to
its latest executive overhaul.
The turbulence comes after Adil Mehboob-Khan quit as
joint-CEO on Friday, just a year after arriving, and Chairman
Leonardo Del Vecchio, the Italian eyewear giant's founder, took
back an operative role.
The 80-year-old billionaire has taken responsibility for
markets from Mehboob-Khan, the third chief executive to leave in
18 months.
Massimo Vian, who had been joint CEO for products and
operations, is now the company's sole chief executive.
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