Annual Review 2012 - Luxottica

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64 | ANNUAL REPORT 2012 approves the financial statements for the fiscal year ending on December 31, 2014. The Board has thirteen members, as specified below. Leonardo Del Vecchio Luigi Francavilla Andrea Guerra Roger Abravanel (*) Mario Cattaneo (*) Enrico Cavatorta Claudio Costamagna (*) Claudio Del Vecchio Sergio Erede Elisabetta Magistretti (*) Marco Mangiagalli (*) Anna Puccio (*) Marco Reboa (*) Chairman Vice Chairman Chief Executive Officer Member of the Human Resources Committee Chairman of the Control and Risk Committee General Manager Central Corporate Functions Chairman of the Human Resources Committee Member of the Control and Risk Committee Member of the Control and Risk Committee Member of the Human Resources Committee Member of the Control and Risk Committee and Lead Independent Director (*) Director satisfying the requirement of independence set forth in the Italian Consolidated Financial Law and in the Code of Conduct. Andrea Guerra and Enrico Cavatorta are employees of the Company. The Board of Directors that was in office until April 27, 2012 was composed of fifteen directors: Leonardo Del Vecchio, Luigi Francavilla, Andrea Guerra, Roger Abravanel, Mario Cattaneo, Enrico Cavatorta, Roberto Chemello, Claudio Costamagna, Claudio Del Vecchio, Sergio Erede, Sabina Grossi, Ivanhoe Lo Bello, Marco Mangiagalli, Gianni Mion and Marco Reboa. For all related information please refer to the Corporate Governance Report for the previous fiscal year. Set out below is a brief profile of each member of the Board in office, listing the most significant other offices held by such directors in listed companies as well as in financial, banking, insurance companies or companies of a significant size. In Luxottica Group, only the most significant companies or those companies having a strategic relevance have been considered. Please note that the summary tables attached to the Report also take into consideration the positions held in other listed companies, in financial, banking and insurance companies as well as in those companies of significant size, identified through the criteria implemented by the Company in 2007 and illustrated below. Leonardo Del Vecchio The company founder, Mr. Del Vecchio has been Chairman of the Board of Directors since its incorporation in 1961. In 1986, the President of Italy conferred on him the badge of honor Cavaliere dell’Ordine al “Merito del Lavoro”. In May 1995 he was awarded an honorary business administration degree by the University Ca’ Foscari in Venice. In 1999, he was awarded an honorary Master’s degree in International Business by MIB, Management School in Trieste and in 2002 he was awarded an honorary management engineering degree by the University in Udine. In March 2006, he received an honorary degree in materials engineering by the Politecnico in Milan. In December 2012 the Fondazione CUOA awarded him an honorary master’s degree in business administration.
REPORT ON CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE | 65 > He is a member of the Board of Directors of Beni Stabili S.p.A. SIIQ, of GiVi Holding S.p.A. and of Kairos Partners SGR S.p.A.; he is Vice Chairman of Fonciere des Regions S.A. and a member of the Board of Directors of Delfin S.àr.l., and Aterno S.àr.l. Luigi Francavilla Mr. Francavilla joined Luxottica Group in 1968. He has been a Director since 1985 and Vice Chairman since 1991. During his long career in the Group he was Group’s Product & Design Director, Group’s Chief Quality Officer and Technical General Manager. He is the Chairman of Luxottica S.r.l., one of the major subsidiary companies of the Group. In April 2000, he was awarded an honorary business administration degree by the Constantinian University, Cranston, Rhode Island, U.S.A. In 2011 he was appointed ‘Grande Ufficiale’ of the Republic of Italy and in 2012 ‘Cavaliere del Lavoro’. He is the Honorary Chairman of Confindustria Belluno since 2010. Mr. Francavilla is also a member of the Board of Directors of the Venice branch of Bank of Italy. Andrea Guerra Mr. Guerra has been Chief Executive Officer of the Company since July 27, 2004. Prior to this, he had worked for ten years in Merloni Elettrodomestici, a company he had joined in 1994 and where he had become Chief Executive Officer in 2000. Before joining Merloni, he had worked for five years in Marriott Italia, holding various positions and being promoted to Marketing Director. He received his business administration degree at Università La Sapienza in Rome in 1989. In Luxottica Group, Mr. Guerra is, among others, Chairman of OPSM Group PTY Limited, member of the Board of Directors of Luxottica S.r.l., Luxottica U.S. Holdings Corp., Luxottica Retail North America Inc. and Oakley Inc. Furthermore, he is a member of the Strategic Committee of Fondo Strategico Italiano S.p.A. and of the Board of Directors of Amplifon S.p.A. and Ariston Thermo S.p.A. Roger Abravanel Mr. Abravanel has been a member of the Board of Directors of the Company since 2006. He received a degree in engineering from the Politecnico in Milan and a MBA from INSEAD in Fontainebleau, France. He worked for 34 years at McKinsey as a consultant for Italian and multinational companies in Europe, America and in the Far East. In 2006, he left McKinsey and he is currently a member of the Board of Directors of various companies and advisor of private equity funds in Italy and abroad. He has published numerous books. He is a member of the Board of Directors of Cofide S.p.A., Teva Pharmaceutical Industries Ltd, Banca Nazionale del Lavoro S.p.A., Admiral Group Plc, Coesia S.p.A. and Esselunga S.p.A. Mario Cattaneo Mr. Cattaneo has been a member of the Board of Directors of the Company since 2003. He is Emeritus Professor of Corporate Finance at the Università Cattolica in Milan, Italy. He was a member of the Board of Directors of ENI from 1998 to 2005, of UniCredit from 1999 to 2005 and auditor of Bank of Italy between 1991 and 1999.
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Annual Review 2012
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All pictures in this Annual Review
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7 Letter to shareholders Dear Share
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9 1 Financial highlights 2008 2009
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13 2.1 Profile Luxottica is a marke
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17 2.2 Mission and strategy VERTICA
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2.2 MISSION AND STRATEGY 19 develop
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2.2 MISSION AND STRATEGY 21 Luxotti
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A first-class brand portfolio ACQUI
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30 ANNUAL REview 2012 its manufactu
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2.5 BRAND PORTFOLIO 37 Vogue eyewea
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5 HUMAN RESOURCES 71 For the retail
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75 Other information 2000-2012 EVOL
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Other information 79 1990 1991 1992
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MANAGEMENT REPORT | 5 > Management
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