The cover is shot by Sebastian Faena. (source)
Click here to view last year cover featuring Julie Hoomans, here to view 2015 cover featuring Catherine McNeil, here to view 2014 cover featuring Cameron Russell, here to view 2013 cover featuring Anja Rubik, here to view 2012 cover featuring Lara Stone, here for 2011 cover with Malgosia Bela, and here for 2010 cover with Julia Hafstrom.