MILAN — Former Luxottica Group chief executive officer Andrea Guerra may be entering the political arena as a strategic adviser to prime minister Matteo Renzi. Rumors about a possible role in Renzi’s government first emerged earlier this year as the young politician was sworn in last February.
The speculation was said to have irked Luxottica chairman Leonardo Del Vecchio, and perhaps contributed to the friction between him and Guerra. On Wednesday, Italian media and newswires followed up on a Corriere della Sera report that day, which stated that Guerra’s role is a new one and that it still needs to be officially ratified by the council of ministers. According to the paper, Guerra will not be paid for his services—not that this is likely to be an issue as the executive walked away from Luxottica in October with a severance package and share sales totaling about 46 million euros, or $57.2 million at current exchange. Guerra, who was part of Renzi’s entourage during his recent trip to Australia for the G20 meeting, is expected to function as a liaison with the industrial world, zoom in on problematic situations and offer solutions. The paper compared Guerra’s role to that of Eric Schmidt, Google’s executive chairman, as an adviser to President Obama. This would not be Guerra’s day job, said Corriere della Sera, as he is said to still be looking at executive roles after reportedly turning down offers from LVMH Moët Hennessy Louis Vuitton and Adidas, among others.