Franco Reviglio

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Franco Reviglio
Franco Reviglio.jpg
Minister of Finance
In office
21 February 1993 – 30 March 1993
Prime MinisterGiuliano Amato
Preceded byGiovanni Goria
Succeeded byGiuliano Amato (Acting)
Minister of Budget
In office
1992 – February 1993
Prime MinisterGiuliano Amato
Succeeded byBeniamino Andreatta
Minister of Finance
In office
4 August 1979 – 28 June 1981
Prime MinisterFrancesco Cossiga
Personal details
Born (1935-02-03) 3 February 1935 (age 87)
Political partyItalian Socialist Party

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[edit]

Reviglio was born in Turin in 1935.[1][2] He was also educated in Turin.[3] His undergraduate thesis was about improving efficiency in state-owned companies.[3]


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.[2] 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][5] He was appointed to the post in order to reorganize and improve the firm.[6] He achieved these goals in large degree.[6] In fact, ENI witnessed one of its most successful periods when he led the firm.[7] He supported privatization as a means of reorganizing asset portfolios and investment strategies.[8] Reviglio's tenure at the firm ended in November 1989, and Umberto Colombo succeeded him in the post.[9][10]

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.[5][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.


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

External links[edit]