Luigi Francavilla joined the Group in 1968, has been Director since 1985, Deputy Chairman since 1991, and during his career he served as Chief Quality Officer of the Group and Group Product and Design Director. From 1972 to 1977, Mr. Francavilla was General Manager of Luxottica S.r.l. and, from 1969 to 1971, he served as Technical General Manager of Luxottica S.r.l. In addition, he is Chairman of Luxottica S.r.l., our principal operating subsidiary. Mr. Francavilla is also a Director in the Venice branch of the Bank of Italy. In April 2000, he received an honorary degree in Business Administration from Constantinian University in Rhode Island, U.S.A.