Cesare Romiti

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Cesare Romiti
Born (1923-06-24) 24 June 1923 (age 94)
Rome
Nationality Italian
Occupation Economist
Children Two sons

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.[1][2]

Early life and education[edit]

Romiti was born in Rome on 24 June 1923.[3] He received an economics and commercial sciences degree in 1945.[3]

Career and activities[edit]

Romiti began his career at the Bombrini Parodi Delfino (BFD) munitions group in 1947.[3] When the group merged with Snia Viscosa in 1968, he began to serve as the latter's general financial director.[4] Next he joined Alitalia.[5] In December 1970, he became a board member of Alitalia and then was appointed general manager and chief executive of the company.[3] His term at the company lasted until 1973.[2] In September 1973, he became the chief executive officer of the IRI finance firm, Italstat.[4]

Romiti worked for Fiat in various capacities for twenty years from 1974 to 1995.[4] He was also one of the major shareholders of the company.[6] He succeeded Gianni Agnelli as the chairman of the firm when Agnelli stepped down.[6] Romiti led the firm from 28 February 1996 to 22 June 1998.[3] Romiti was instrumental in the company's return to profitability during this period.[7] Paolo Fresco succeeded him in the aforementioned post.[8][9]

Romiti was the chairman of the board of RCS Quotidiani S.p.A. from 2 June 1998 to 15 July 2004.[3] Next he served as the chairman of Impregilo from May 2005 to 2007.[10][11] He became the president of Italian China Institution in 2000 and was also appointed its president in 2004.[10][12] He is also advisor professor at Donghua University.[12]

Controversy[edit]

In April 1997, Romiti was convicted due to falsifying the company accounts, committing tax fraud and making illegal payments to political parties.[13]

Personal life[edit]

Romiti is married and has two sons.[4]

Honours, awards and recognition[edit]

Romiti has been awarded by various organizations, including the Chinese people’s association for friendship with foreign countries.[12] He was named as honorary chairman of the Aspen Institute. On 21 June 2004, he became the honorary president of RCS MediaGroup.[14]

He also received the Medal of Honor from France.[12]

References[edit]

  1. ^ "Italy Convicts Fiat Chairman; Bars Him from Corporate Posts". The New York Times. 10 April 1997. Retrieved 25 April 2013. 
  2. ^ a b 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. 
  3. ^ a b c d e f "Cesare Romiti". China Tibet Online. Retrieved 24 February 2015. 
  4. ^ a b c d Wolfang Achtner (17 December 1995). "The tough cop takes the wheel; profile; Cesare Romiti". The Independent. Retrieved 25 April 2013. 
  5. ^ "Alitalia—Airline To Divas & Popes—Flies To Sunset". The Financial Express. Rome. Reuters. 5 May 2004. Retrieved 20 January 2014. 
  6. ^ a b Alan Friedman (12 December 1995). "Successor at Automaker is 72 and a Target of Prosecutors". The New York Times. Retrieved 25 April 2013. 
  7. ^ Jon Glover (24 January 2003). "Giovanni Agnelli". The Guardian. Retrieved 20 July 2013. 
  8. ^ 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. 
  9. ^ "BMW confident as sales charge to pounds 2Obn record". The Birmingham Post. 30 January 1998. Retrieved 12 June 2013. 
  10. ^ a b "Romiti". Milano Fashion Summit. Retrieved 25 April 2013. 
  11. ^ "Impregilo appoints Cesare Romiti chairman, Alberto Lina CEO". AFX News. Milan. 2 May 2005. Retrieved 25 April 2013. 
  12. ^ a b c d e "Cesare Romiti, President of Italian China Foundation, Appointed Consulting Professor of DHU". Donghua University. Retrieved 25 April 2013. 
  13. ^ Alan Friedman (10 April 1997). "Fiat's 'Tough Guy' Chairman Is Found Guilty of Corruption". The New York Times. Retrieved 20 July 2013. 
  14. ^ "Vittorio Colao is the new Chief Executive Officer". RCS MediaGroup. 28 July 2004. Retrieved 25 April 2013.