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Luxottica chairman addresses Andrea Guerra's departure

By Kristopher Fraser


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New York - Eight months ago, Andrea Guerra, the former CEO of Luxottica, abruptly left his position at the company leaving many scratching their heads as to why. Eight months later, Luxottica Chairman Leonardo Del Vecchio has finally spoken up about the issue. Del Vecchio stated that he was "not reassured enough" of the company's continuity by Guerra.

Del Vecchio was also disappointed by Luxottica's lack of investment in developing countries. While Guerra's departure might have come as a surprise to many at the time, when looking at the facts at it hand, his dismissal does become more fair. Luxottica continued to do well in the U.S. and Europe, but, those were countries that they were always doing well in.

No one is a fan of a stagnant business person, and that's what Guerra was to Del Vecchio. Del Vecchio has stated that since Guerra's departure he has proposed several ideas to the board, such as investments in Asia and a "strategy of acquisitions on emerging markets." Despite being removed from his post as CEO, Guerra doesn't seem to be doing too bad for himself. Rumors have flown about him being a potential candidate for mayor of Milan, the next CEO of Eataly, and a potential role in Italy's government thanks to his close personal contact Italian Prime Minister Matteo Renzi.

Guerra also serves on the board of Coach Inc., in addition to also serving on the board of hearing-aid firm Amplifon SpA and domestic appliance manufacturer Ariston Thermo SpA. One of these eventual headlines is bound to come true, so, Guerra has some major projects to look forward to in the future. There is no denying he had some impact on Luxottica, however, as they are still one of the world's most highly respected eyewear companies.

Andrea Guerra