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Telecom Italia: new Luna Rossa Challenge 2007 board meets

07/28/2005 - 12:00 PM

NEW LUNA ROSSA CHALLENGE 2007 BOARD MEETS

Appointments: Carlo Buora Chairman, Giacomo Ovidi CEO,

Anthony Romano General Manager

Milan , July 28, 2005 – The Luna Rossa Challenge 2007 S.l. shareholders' meeting confirmed that Telecom Italia has joined the company (51%-owned by Prada, 49%-owned by Telecom Italia). Together with the Italian Yacht Club, the company is leading Italy 's challenge for the 32 nd America 's Cup.

At the meeting, Telecom Italia CEO Carlo Buora was appointed Chairman. Prada Group Chairman Patrizio Bertelli was appointed Head of Syndicate.

The Company Board of Directors subsequently met and made appointments to the remaining company positions:

The Luna Rossa Challenge 2007 management team is as follows:

•  Carlo Buora , Chairman

•  Giacomo Ovidi , CEO

•  Anthony Romano , Director and General Manager

•  Marco Salomoni , Director

•  Gian Carlo Rocco di Torrepadula , Director

Francesco de Angelis is Team Leader.

Luna Rossa's next competitive race is off Malmö , Sweden , in Louis Vuitton Acts 6 and 7, between August 25 and September 4.

Milan, July 28th, 2005