Franco Reviglio Explained

Office:Minister of Finance
Primeminister:Giuliano Amato
Predecessor:Giovanni Goria
Successor:Giuliano Amato (Acting)
Term Start:21 February 1993
Term End:30 March 1993
Office2:Minister of Budget
Primeminister2:Giuliano Amato
Successor2:Beniamino Andreatta
Term Start2:1992
Term End2:February 1993
Office3:Minister of Finance
Primeminister3:Francesco Cossiga
Term Start3:4 August 1979
Term End3:28 June 1981
Birth Date:3 February 1935
Birth Place:Turin
Party:Italian Socialist Party
Nationality:Italian

Franco Reviglio (born 3 February 1935) is an Italian academic, businessman and socialist politician, who served in various capacities in the public administration of Italy.

Early life and education

Reviglio was born in Turin in 1935.[1] [2] He was also educated in Turin. His undergraduate thesis was about improving efficiency in state-owned companies.

Career

Reviglio worked as a professor of public finance at the University of Turin.[3] He was a member of the Socialist Party and served as the minister of finance from 4 August 1979 to 28 June 1981 in the cabinet led by Prime Minister Francesco Cossiga. After working at the University of Turin for two more years he left his job in 1983 and became the president of the Italian energy firm Ente Nazionale Idrocarburi, which is commonly known as ENI.[4] He was appointed to the post in order to reorganize and improve the firm.[5] He achieved these goals in large degree.[5] In fact, ENI witnessed one of its most successful periods when he led the firm.[6] He supported privatization as a means of reorganizing asset portfolios and investment strategies.[7] Reviglio's tenure at the firm ended in November 1989, and Umberto Colombo succeeded him in the post.[8] [9]

On 5 June 1990, Reviglio joined as a senior advisor to Wasserstein Perella & Co.'s team in regard to its European operations and held the post until 1992.[10] [11] In 1992, he was appointed budget minister in the cabinet led by Prime Minister Giuliano Amato.[12] [13] His tenure lasted until February 1993, and he was replaced by Beniamino Andreatta as budget minister.[12] Reviglio was appointed finance minister in a cabinet reshuffle on 21 February 1993.[14] He succeeded Giovanni Goria in the post.[12] Reviglio resigned from office on 30 March 1993 due to his alleged involvement in a bribery scandal.[15] He also served as a member of municipal council of Turin and as a senator (1992  - 1994).[16]

After leaving office and politics, Reviglio returned to his teaching post at the University of Turin.[17] He also assumed the role of senior advisor to Lehman Brothers from 2002 to 2007.[18] He is the former president and CEO of Azienda Energetica Metropolitana Torino SpA (Turin Energy Company; 2000  - 2006) as well as the president of NNOICOM, TLC company.[16] [17] He is the emeritus professor at the University of Turin.

Notes and References

  1. Book: Elenco dei senatori della ... legislatura. 1993. Il Senato.
  2. Web site: Scheda di attività di Franco Reviglio - XI Legislatura. www.senato.it.
  3. News: Richard I. Kirkland Jr.. Biggest bosses. 20. 24 April 2013. Fortune Magazine. 3 August 1987.
  4. News: William D. Montalbano. 5th Cabinet Member Quits in Italy. 24 April 2013. Los Angeles Times. 31 March 1993.
  5. Book: Business, the state and economic policy. 2004. Routledge. 978-0-415-04722-7. 47. London.
  6. Book: Paul Ginsborg. A History of Contemporary Italy: Society and Politics, 1943-1988. 2003. Palgrave Macmillan. 978-1-4039-6153-2. 408. London; New York.
  7. Book: John Vickers. Vincent Wright. The Politics of Privatisation in Western Europe. 6. London; Totowa, NY. 1989. F. Cass. 978-0-203-98923-4.
  8. News: Can a pumped-up ENI get into fighting trim?. Bloomberg. 26 May 1991. https://archive.today/20130628201525/http://www.businessweek.com/stories/1991-05-26/can-a-pumped-up-eni-get-into-fighting-trim. dead. 28 June 2013. 24 April 2013.
  9. Book: Cuando el mercado se estremece: el reto directivo de la reestructuración de la industria. 1986. Harvard Business Press. 978-0-87584-136-6. 155. New Delhi.
  10. News: Wasserstein Names Adviser. 24 April 2013. The New York Times. 7 June 1990.
  11. News: Wasserstein Perella: The Rise And Fall And Rise?. https://archive.today/20130628201620/http://www.businessweek.com/stories/1991-08-04/wasserstein-perella-the-rise-and-fall-and-rise. dead. 28 June 2013. 24 April 2013. Bloomberg. 4 August 1991.
  12. News: William D. Montalbano. Italian Leader Patches Holes in Cabinet. 24 April 2013. Los Angeles Times. 22 February 1993.
  13. News: Mary Beth Sheridan. Amato patches together Italy's 51st postwar government. Associated Press News. 26 April 2013. 28 June 1998.
  14. News: Alan Cowell. Italian Chief Replaces 3 Ministers Who Resigned in Bribery Scandal. 24 April 2013. The New York Times. 22 February 1993.
  15. News: Alan Cowell. Italian Scandal Widens; Another Minister Quits Under Cloud. The New York Times. 31 March 1993. 24 April 2013.
  16. News: Lehman Brothers appoints Franco Reviglio as Senior Advisor. PR Newswire. Milan. 24 April 2013.
  17. Web site: Groups. UN. 24 April 2013.
  18. News: Martin Arnold. Former French finance chief joins Lehman advisory board. Financial Times. 24 April 2013. 4 June 2007. London.