24 June 1923 |
Cesare Romiti (born 24 June 1923) is an Italian economist, businessman and former executive of both state-owned firms and private companies, including Fiat and Alitalia. His nickname was Il Duro or the tough guy when he was serving as the head of Fiat.
Early life and education
Career and activities
Romiti began his career at the Bombrini Parodi Delfino (BFD) munitions group in 1947. When the group merged with Snia Viscosa in 1968, he began to serve as the latter's general financial director. Next he joined Alitalia. In December 1970, he became a board member of Alitalia and then was appointed general manager and chief executive of the company. His term at the company lasted until 1973. In September 1973, he became the chief executive officer of the IRI finance firm, Italstat.
Romiti worked for Fiat in various capacities for twenty years from 1974 to 1995. He was also one of the major shareholders of the company. He succeeded Gianni Agnelli as the chairman of the firm when Agnelli stepped down. Romiti led the firm from 28 February 1996 to 22 June 1998. Romiti was instrumental in the company's return to profitability during this period. Paolo Fresco succeeded him in the aforementioned post.
Romiti was the chairman of the board of RCS Quotidiani S.p.A. from 2 June 1998 to 15 July 2004. Next he served as the chairman of Impregilo from May 2005 to 2007. He became the president of Italian China Institution in 2000 and was also appointed its president in 2004. He is also advisor professor at Donghua University.
In April 1997, Romiti was convicted due to falsifying the company accounts, committing tax fraud and making illegal payments to political parties.
Romiti is married and has two sons.
Honours, awards and recognition
Romiti has been awarded by various organizations, including the Chinese people’s association for friendship with foreign countries. He was named as honorary chairman of the Aspen Institute. On 21 June 2004, he became the honorary president of RCS MediaGroup.
- "Italy Convicts Fiat Chairman; Bars Him from Corporate Posts". The New York Times. 10 April 1997. Retrieved 25 April 2013.
- Gianni Vattimo; René Noël Girard (2010). Christianity, Truth, and Weakening Faith: A Dialogue. Columbia University Press. p. 109. ISBN 978-0-231-52041-6. Retrieved 20 July 2013.
- "Cesare Romiti". China Tibet Online. Retrieved 24 February 2015.
- Wolfang Achtner (17 December 1995). "The tough cop takes the wheel; profile; Cesare Romiti". The Independent. Retrieved 25 April 2013.
- "Alitalia—Airline To Divas & Popes—Flies To Sunset". The Financial Express. Rome. Reuters. 5 May 2004. Retrieved 20 January 2014.
- Alan Friedman (12 December 1995). "Successor at Automaker is 72 and a Target of Prosecutors". The New York Times. Retrieved 25 April 2013.
- Jon Glover (24 January 2003). "Giovanni Agnelli". The Guardian. Retrieved 20 July 2013.
- Alan Friedman (23 January 1998). "Embattled Fiat Chief to Resign in June and Be Succeeded by the No. 2 at GE". The New York Times. Rome. Retrieved 25 April 2013.
- "BMW confident as sales charge to pounds 2Obn record". The Birmingham Post. 30 January 1998. Retrieved 12 June 2013.
- "Romiti". Milano Fashion Summit. Retrieved 25 April 2013.
- "Impregilo appoints Cesare Romiti chairman, Alberto Lina CEO". AFX News. Milan. 2 May 2005. Retrieved 25 April 2013.
- "Cesare Romiti, President of Italian China Foundation, Appointed Consulting Professor of DHU". Donghua University. Retrieved 25 April 2013.
- Alan Friedman (10 April 1997). "Fiat's 'Tough Guy' Chairman Is Found Guilty of Corruption". The New York Times. Retrieved 20 July 2013.
- "Vittorio Colao is the new Chief Executive Officer". RCS MediaGroup. 28 July 2004. Retrieved 25 April 2013.