Roberto Quarta Explained

Roberto Quarta
Birth Date:10 May 1949
Birth Place:Italy
Education:College of the Holy Cross (BA)
Occupation:Businessman
Chairman of Smith & Nephew and WPP plc
Term:February 2015 until July 2024
Successor:Philip Jansen
Boards:Smith & Nephew
WPP plc
Rexel SA
Italtel
Children:2

Roberto Quarta (born May 10, 1949) is an Italian-born American businessman. He is the chairman of Smith & Nephew, and the chairman of WPP plc since June 2015.

Early life and education

Roberto Quarta was born on May 10, 1949, in Italy.[1] [2] He emigrated to the United States at the age of 15, and he spent the rest of his adolescence in Brooklyn, New York City,[2] where his father was a tailor.[3] Quarta graduated from the College of the Holy Cross.[4]

Career

His initial industrial management career was with BTR plc, where he rose to be a board director.

In 1993 he moved to become chief executive of BBA Group, where he executed strong performance improvement and portfolio change, producing a major increase in shareholder value.[5] He later became chair of BBA (which was renamed BBA Aviation following the demerger of Fiberweb in November 2006), stepping down in 2007.

Quarta is a partner of Clayton, Dubilier & Rice, a private equity group. He is on the board of two CD&R businesses, Rexel SA and Italtel. He was chairman of IMI plc (2011-2015).[6] He has been on the boards of PowerGen plc, BAE Systems plc, and Equant NV. He has been the chairman of Smith & Nephew since 2014.[7]

In June 2015, he was appointed chairman of WPP plc, succeeding Philip Lader.[8] [9] [10]

Following the resignation of Martin Sorrell, CEO and founder of WPP, he became executive chairman in April 2018.[11]

Personal life

Quarta is separated from his first wife, with whom he has a son and a daughter.[1] He remarried

External links

Notes and References

  1. News: UK: THE DAVIDSON INTERVIEW - ROBERTO QUARTA. 13 August 2017. Management Today. 1 October 1996.
  2. News: Mance. Henry. Cost-cutting Roberto Quarta at the gates of Fort Sorrell. 13 August 2017. Financial Times. 19 December 2014.
  3. News: Business big shot: Roberto Quarta. Andrew. Clark. The Times. 2017-07-25.
  4. Web site: Company Overview of Clayton, Dubilier & Rice, Inc.: Roberto Quarta. Bloomberg. 11 August 2017.
  5. Web site: UK: THE DAVIDSON INTERVIEW - ROBERTO QUARTA.. Managementtoday.co.uk. 2017-07-25.
  6. Web site: IMI plc annual report 2015. IMI Corporate site. 20 July 2016.
  7. Web site: Chairman - Roberto Quarta. Smith & Nephew. 30 August 2017.
  8. Web site: Our leadership - WPP. www.wpp.com. 4 April 2018.
  9. Web site: WPP ends its chairman search by hiring Roberto Quarta from IMI. David. Hellier. 17 December 2014. cityam.com. 4 April 2018.
  10. Web site: WPP lines up Roberto Quarta as chairman. campaignlive.co.uk. 4 April 2018.
  11. Web site: WPP CEO Martin Sorrell Steps Down Abruptly After 33 Years. Erik Oster, Patrick Coffee. 15 April 2018. www.adweek.com/. 15 April 2018.