Good afternoon, everybody. We are going to get under way here.
We have two witnesses in the first hour, and in the second hour we have one witness and then we have some committee business at the end.
Gentlemen, thank you very much for joining us today. The procedure is that each of you will be given the floor for up to 10 minutes for your presentation, and then we will open the floor to questions from around the table. There are earpieces there for both of you, should you need to be the beneficiaries of interpretation, because you will be asked some questions in French, I'm sure.
Mr. Stensby, you look like you are ready to go, so why don't we start with you? The floor is yours.