Luxottica Group S.p.A., which owns the Oakley and Ray Ban sunglasses brands as well as Sunglass Hut, announced that its board of directors has called a meeting of its board for Monday, Sept. 1 to consider its management structure and the position of Andrea Guerra.
The announcement comes four days after the Italian optical giant issued a statement saying its board had no such plans, but confirmed media reports that Guerra had been butting heads with Luxottica Group's chairman and largest shareholder Leonardo Del Vecchio over the future direction of the company.
“With regard to rumours surrounding the possible departure of Andrea Guerra, Chief Executive Officer of Luxottica Group S.p.A, the Group states that at this time the members of the Board of Directors have not received any communication in this regard and no Board meeting has been called,” Luxottica said in a statement released March 21. “Luxottica confirms that, for some time, the Chairman Leonardo Del
Vecchio and CEO Andrea Guerra have been debating the strategic direction
and managerial structure of the Group.”
In additional to being the largest designer and manufacturer of eyewear in the world Luxottica owns the Lenscrafters and Pearle Vision optical chains and runs Sears Optical and Target Optical,
