Marco Tronchetti Provera
Template:Short description Script error: No such module "Unsubst". Script error: No such module "infobox".Script error: No such module "Check for unknown parameters".Script error: No such module "Check for clobbered parameters".Template:Wikidata image Marco Tronchetti Provera (Script error: No such module "IPA".; born 1948) is an Italian businessman. He formerly served as chief executive officer of the Italian tyre manufacturer Pirelli & Co. S.p.A. from 1992[1] to 2022,[2] where he continues to serve as executive vice chairman.
Biography
Marco Tronchetti Provera was born in Milan in 1948.
In 1971, Provera obtained an Economics and Business Administration degree from the Bocconi University of Milan.[3]
Provera joined the Pirelli Group in 1986. In 1987, he married Cecilia Pirelli, the daughter of the company's founder, CEO, and chair Leopoldo Pirelli. In 1992, Pirelli chose to step down from managing the company following an unsuccessful merger with the German auto parts firm Continental AG.[4] Pirelli would retain his position on the board and appoint Provera, his son in law, to succeed him as CEO.[1][5]
In 2001, Provera acquired a controlling stake in Telecom Italia's main holding and became chairman of the company. He would later attempt to sell the company to Mexican telecommunications mogul Carlos Slim.[6]
In 2015, Provera oversaw Pirelli's $7-billion takeover by China National Chemical Corporation.[6] Provera successfully negotiated to remain executive vice-chairman and CEO of the tire company following the acquisition.[7] In May 2022, he stepped down as CEO of Pirelli while remaining its Executive Vice-Chairman.[2]
In addition, Provera currently serves as the chair of the holding company Marco Tronchetti and Provera & C. S.p.A., in which he holds a controlling stake. The firm indirectly holds 50% of Camfin S.p.A., where Provera formerly served as chair until December 2013. Camfin itself indirectly holds 41% of Marco Polo Industrial Holding S.p.A., the investment vehicle established by ChemChina to facilitate its acquisition Pirelli & C. S.p.A.[8][9]
Other roles
- Since September 2020: Member of the Italian Aspen Institute.[10]
- Deputy chairman of the Board of Mediobanca[11]
- Member of the executive committee of Confindustria[11]
- Member of the International Advisory Board of insurance company Allianz[5]
- Member of the Steering Committee of Assonime[12] and of Assolombarda.
- Honorary co-chairman for the Italian branch of the Council for the United States and Italy
- Member of the Italian Group of the Trilateral Commission.
- December 1996 - September 2005: Chairman of Il Sole 24 Ore[13]
- October 2001 - September 2005: Board member of Milan's La Scala opera house
- September 2001 - September 2006: Chairman of Telecom Italia S.p.A[6]
Personal life
Provera has been married three times. His first wife was journalist Letizia Rittatore Vonwiller.[14] He married Cecilia Pirelli in 1987, with whom he had three children.[14] In December 2001, he married Afef Jnifen,[15] which lasted until they announced their divorce in 2018.[14]
References
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