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Birthday : 05/22/1935
Place of birth : Milan - Italy
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Del Vecchio's close aide takes reins of business empire

07/04/2022 | 03:25am EDT
FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses  in this photo illustration taken in Rome

MILAN (Reuters) - Leonardo del Vecchio's close aide Francesco Milleri on Monday took the reins of the financial company holding 27 billion euros ($28 billion) in assets left behind by the Italian eyewear billionaire who died last week.

Del Vecchio's holding company Delfin said in a statement it had appointed Milleri, who is the CEO and chairman of eyewear giant EssilorLuxottica, as chairman.

Delfin added that Chief Executive Romolo Bardin, another Del Vecchio lieutenant, would continue in his role.

Delfin's main asset is a 32% stake in EssilorLuxottica, worth more than 20 billion euros.

The Luxembourg-based firm is also the single biggest shareholder in Milanese merchant bank Mediobanca with 19.4% and the second-biggest investor in Italian insurer Generali with 9.8%.

It owns a 27% stake in Paris-listed Covivio and is a long-time investor in bank UniCredit with a 2% stake.

($1 = 0.9591 euros)

(Reporting by Claudia Cristoferi, writing by Giulia Segreti; editing by Valentina Za)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ASSICURAZIONI GENERALI S.P.A. 0.81% 15.485 Delayed Quote.-16.88%
COVIVIO 1.05% 62.85 Real-time Quote.-13.85%
ESSILORLUXOTTICA 1.04% 164.55 Real-time Quote.-13.00%
MEDIOBANCA S.P.A. 0.67% 8.704 Delayed Quote.-13.91%
UNICREDIT S.P.A. 2.66% 10.172 Delayed Quote.-24.90%