Luxottica Declines Comment on Italian News Reports of Guerra's Potential Departure

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MILAN, Italy—News stories in the Italian business press earlier today and expanded upon via other international financial media, have speculated that Andrea Guerra, CEO of Luxottica Group (NYSE: LUX) could possibly be leaving the company sometime soon.

Corriere della Sera, quoting sources within the company, reported that Guerra, 49, could depart after tensions and differences of opinion about future strategies for the company with Leonardo Del Vecchio, Luxottica’s founder and chairman. Guerra joined the company in 2004.

VMail reached out to the company and Luxottica, in a brief statement, said that it would not comment on media speculation, but added, ”At present, no board meeting has been called. We can confirm that for some time the chairman Leonardo Del Vecchio and the CEO Andrea Guerra have been debating the best strategic direction for the Group.”