A parenthesis is close to the Lingotto. On the eve of the presentation of its five-year industrial plan, at the headquarters of Turin, Fiat has created the surprise yesterday by announcing the resignation of its President, Luca Cordero di Montezemolo. Emerged as the strong man in May 2004 with the death of Umberto Agnelli, the flamboyant Chairman of Ferrari leaves the way open to John Elkann, current Vice President, and young representative of the founding family of the Turin automaker.
Luca Cordero di Montezemolo explained that his "mission" is now "filled" and is "serene, happy and relieved," said, according to very close collaborators. Sixty-two years, he remains at the head of Ferrari and will continue to serve on the Board of Directors of Fiat. Two years after completing his term as President of Confindustria, the Italian Medef, he will be able to focus more on Italia Futura, political foundation that it has launched in fanfare in Rome, in October, in view of the after Berlusconi.
In fact, it is that of a demi-surprise. There are long that the track was very drawn to the grandson of Gianni Agnelli, brother of Umberto. "avvocato" had John Elkann his official dauphin as early as 1997 (read here). At the time of twenty-two years, one that is dubbed "jaki" was himself propelled to the Board of Directors of Fiat which he then became Vice President. In terms of calendar, this change in governance owes nothing to chance. Fiat must announce the introduction on the stock exchange of its automotive industry.
Huge site
Last year, the Group negotiated a historic shift closer American Chrysler's Sergio Marchionne rule. Real operational pattern, the Managing Director of Fiat is considered by Italy as a Savior. When the Agnelli called it to the rescue in 2004, at the time when Luca Cordero di Montezemolo and John Elkann became President and Vice-President, the Builder post under 14 billion euros of debt. Sergio Marchionne has restated the bar dramatically since the debt was reduced to 4.4 billion end of 2009. However, the economic crisis has made back the automaker accounts into the Red last year.
If the Agnelli sounding the end of a transition period, the site which will commit John Elkann is enormous. In notorious overcapacity in Italy, Fiat has turned to the Brazil, the Eastern Europe and the North America, where the alliance with Chrysler is, at this stage of promises.
Was only thirty-four years old, an age which was often opposed to the challenges to which it is found confronted, "jaki" will be able to establish its. Born in New York and former student of the lycée Victor-Duruy in Paris, it engineer from the Polytechnic of Turin school. But there for industrial experience that stays in the early 2000s at General Electric as a listener, and then click Poland Fiat assembly lines and Magneti Marelli in Ireland. He knows well the press since the Presidency of Exor, the holding company of his family, earned him to preside over the daily newspaper "La stampa" and sit on the boards of RCS, owner of "Corriere della Sera" and "Le Monde" newspaper.
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