Photographer: Michael Zorn/Getty Images for Luxxotica

Luxottica Shares Slump Most Since 2014 as Co-CEO Khan Resigns

  • Former P&G executive to receive 7 million-euro payoff
  • Company's 80-year-old founder Del Vecchio to take Khan's role

Luxottica Group SpA shares slumped in Milan after co-Chief Executive Officer Adil Mehboob-Khan resigned, becoming the third leader the maker of Ray-Ban glasses has lost in 15 months.

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