Luxottica Names P&G Exec as Co-CEO

"Luxottica Group SpA (LUX) named Procter & Gamble Co. (PG) executive Adil Mehboob-Khan as a co-chief executive officer, the week after the company lost its second leader in little more than a month," according to Bloomberg.com. "Mehboob-Khan, who has been with P&G since 1987 and currently runs the Cincinnati-based company’s global salon brand, is expected to join the Ray-Ban maker next year, the Milan-based company said in a statement today. Massimo Vian, appointed last week as co-CEO of operations, will have all executive responsibilities until Mehboob-Khan joins." Read more.