Luxottica founder takes over CEO role

Published October 14, 2014 4:56pm ET



MILAN (AP) — The founder of the Luxottica luxury eyewear maker has taken over temporarily as CEO amid management turmoil that has tanked the company’s stock.

The company said chairman Leonardo Del Vecchio will handle executive duties until two co-CEOs, one for operations and product, the other for markets, can be appointed together.

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