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Chairman Del Vecchio to look at control of Luxottica as CEO Guerra steps down

Certainly one of Italy's richest and quite a few famous businessmen is scheduled to take control over the sunglasses maker he founded over fifty years ago.

Leonardo Del Ray Ban outlet Vecchio, the 79 year-old chairman of Ray ban sunglasses and Persol sunglasses group Luxottica, stood a disagreement with chief executive Andrea Guerra over the method of the business.

A board meeting, held today, is scheduled to agree that Mr Del Vecchio can become executive chairman along with the chief executive role will be split in two with chief financial officer Enrico Cavatorta accepting one of the roles.

Mr Guerra, who stepped down as leader last night, had run the brand for decade but recently reports emerged that this pair had disagreed. Some suggested Ray Ban outlet store locations Mr Guerra's plan to become a minister within the government of Prime Minister Matteo Renzi had sparked the row, while some said the fall out was within the company's strategy mainly because it had recently announced a partnership with Google to build up fashionable versions of Google's smart eyewear   Google Glass.

Mr Del Vecchio is regarded as Italy's second richest man with a fortune of around 20bn.

Under Mr Guerra sales at the eyewear business convey more than doubled to 7.3 bn. It does not take world's biggest eyewear group and owns brands along with manufacturing glasses for other programs.

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