By  on September 1, 2014

MILAN — Luxottica Group SpA is shaking up its management structure based on a co-chief executive officer model, with chairman Leonardo Del Vecchio returning to take on a more active role as the company takes steps to increase profitability.

Ceo Andrea Guerra is leaving the company after 10 years, as was first rumored several weeks ago, and will be succeeded by two executives, one focused on the markets and the other dedicated to corporate functions.

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