Marco Tronchetti Provera Explained

Marco Tronchetti Provera
Birth Place:Milan, Italy
Nationality:Italian
Occupation:Businessman
Organization:Mediobanca

Marco Tronchetti Provera (pronounced as /it/; born 1948) is an Italian businessman. He was the chief executive officer of Pirelli & Co. S.p.A. from 1992[1] to 2022[2] and its executive vice chairman since October 20, 2015. He is the chairman of Marco Tronchetti, Provera & C. S.p.A., a holding that he controls and which indirectly holds 50% of Camfin S.p.A. (where he was Chairman until December 2013). Camfin indirectly holds 41% of Marco Polo Industrial Holding S.p.A., the major shareholder who controls Pirelli & C. S.p.A.[3]

Biography

Provera was born in Milan in 1948. He obtained a degree in Economics and Business administration from the Bocconi University of Milan in 1971.[4] He entered the Pirelli Group in 1986. He married Cecilia Pirelli, the daughter of the company founder, Leopoldo Pirelli, in 1987. He took over the operational control of the group in 1992.[5]

In 2001, he acquired a controlling stake of Telecom Italia's main holding, became chairman of the company, and attempted to sell it to the Mexican telecom mogul Carlos Slim.[6]

In 2015, he led the 7-billion dollar takeover of China National Chemical Corporation on Pirelli. He negotiated to remain executive vice-chairman and CEO of the tire company.[7] In May 2022, he stepped down as CEO of Pirelli but remained the executive vice-chairman.

Other roles

Personal life

He was previously married to the journalist Letizia Rittatore Vonwiller.[12] He then married Cecilia Pirelli in 1987, with whom he had three children. In December 2001, he married Afef Jnifen.[13] They announced their divorce in 2018.

Notes and References

  1. News: Borrelli . Silvia Sciorilli . 2023-06-09 . The Pirelli boss taking on China's Communist party . . subscription . 2023-06-11.
  2. News: 2022-05-16 . Pirelli's shareholders indicate Bruno as new CEO, extend pact . en . Reuters . 2022-10-30.
  3. Web site: PIRELLI - Marco Tronchetti Provera. www.pirelli.com. 2016-01-23.
  4. Web site: Marco Tronchetti Provera profile . 11 September 2014.
  5. Web site: Marco Tronchetti Provera background . https://archive.today/20140911115806/http://investing.businessweek.com/research/stocks/people/person.asp?personId=3289419&ticker=PC:IM . dead . September 11, 2014 . 11 September 2014.
  6. News: Sanderson . Rachel . 2015-03-27 . Pirelli boss Tronchetti Provera displays savvy dealmaking skills . Financial Times . 2022-10-30.
  7. News: Sanderson . Rachel . 2019-02-10 . Pirelli's Tronchetti Provera: a contrarian view on dealmaking . Financial Times . 2022-10-30.
  8. https://www.aspeninstitute.it/istituto/comunita-aspen/comitato-esecutivo executive Committee
  9. Web site: Mediobanca Corporate Governance. 19 September 2014. https://web.archive.org/web/20141006072504/http://www.mediobanca.it/en/consiglio-amministrazione/marco-tronchetti-provera.html. 6 October 2014. dead.
  10. Web site: Assonime Executive Committee. 19 September 2014. https://archive.today/20140911115752/http://www.assonime.it/AssonimeWeb2/sito.jsp?id=232328. 11 September 2014. dead.
  11. Web site: Gruppo 24 Ore history . 11 September 2014 . https://web.archive.org/web/20140911195327/http://www.gruppo24ore.ilsole24ore.com/en-us/chi-siamo/storia/la-pazienza-e-il-coraggio/page/4 . 11 September 2014 . dead .
  12. Web site: Saltalamacchia . Stefania . 2018-11-09 . Marco Tronchetti Provera e Afef Jnifen, è divorzio . 2022-10-30 . Vanity Fair Italia . it-IT.
  13. Web site: Afef Jnifen, une Success Story à la tunisienne – WEPOST . dead . https://web.archive.org/web/20171127052446/http://www.wepostmag.com/2016/06/18/afef-jnifen-une-success-story-a-la-tunisienne . 2017-11-27 . www.wepostmag.com.

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