Luxottica CEO golden chute of 10 million

(ANSA) - Milan, September 1 - 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.