Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), a leader in the design, manufacture, distribution and sale of fashion, luxury and sports eyewear, today announced that the Chairman Leonardo Del Vecchio presented the profile of Adil Mehboob-Khan, candidate for the role of co-CEO for Markets, to the Board of Directors.

The Board of Directors appointed the independent director Marco Mangiagalli as a member of the Human Resources Committee in place of Roger Abravanel, who recently resigned from the Board of Directors.

The newly constituted Human Resources Committee met upon the Chairman’s invitation, acknowledged the professional profile of Adil Mehboob-Khan and gave its favorable opinion on the remuneration packages of the two future co-CEOs, Adil Mehboob-Khan and Massimo Vian.

The remuneration packages will be finalized and formally implemented once both co-CEOs have assumed their respective executive positions with the Company.

Chairman Leonardo Del Vecchio proposed to introduce Adil Mehboob-Khan to the Board at the meeting to be held on October 29, 2014 in order to seek approval and appoint him as a non-executive member of the Luxottica Board of Directors. The Chairman also proposed that, during the same meeting, the Board will appoint Massimo Vian as CEO for the Group, entrusting him on an interim basis with all executive responsibilities until Adil Mehboob-Khan joins Luxottica, which is expected to occur in early January 2015.