Vittorio Colao

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Vittorio Colao
Vittorio Colao 2015 (cropped).jpg
Minister for Technological Innovation and Digital Transition
Assumed office
13 February 2021
Prime MinisterMario Draghi
Preceded byPaola Pisano
CEO of Vodafone
In office
July 2008 – October 2018
Preceded byArun Sarin
Succeeded byNick Read
Personal details
Born (1961-10-03) 3 October 1961 (age 59)
Brescia, Lombardy, Italy
NationalityItalian
Spouse(s)Married 1992
Children2
EducationBocconi University
Harvard University
Known forOmnitel Pronto Italia COO
RCS MediaGroup CEO
Vodafone CEO

Vittorio Amedeo Colao (born 3 October 1961) is an Italian manager who has been serving as Minister for Technological Innovation and Digital Transition in the government of Prime Minister Mario Draghi since 2021.[1] From 2008 until 2018, he was the chief executive officer at Vodafone Group.[2]

Early life[edit]

The son of an officer in the Carabinieri, Colao was born in Brescia.[3] He received a business degree from Bocconi University and an MBA from the Harvard Business School.[4]

Career in the private sector[edit]

Colao started his career at investment bank Morgan Stanley in London.[5] He joined the Milan office of McKinsey & Co in 1986, where as a Partner he worked on media, telecommunications and industrial goods sectors and was responsible for office recruitment.[6]

In 1996 Colao joined Omnitel Pronto Italia, rising to chief operating officer before its take over to become Vodafone Italy. He became regional CEO, Southern Europe in 2001 and joined the main board in 2002. After missing out on the CEO's job, taken by his friend Arun Sarin, and having a purchase of a Bulgarian mobile company blocked, he left Vodafone for Italian publishing company RCS MediaGroup, where he became CEO in July 2004.[5][6]

After shareholder criticism of the publishing group's strategy and governance, he resigned from RCS MediaGroup following the company's board meeting in September,[7] rejoining Vodafone in October 2006 as CEO Europe and succeeding Sir Julian Horn-Smith as deputy CEO.[8]

Commenting to the Italian press in 2007 that he had no interest in taking the CEO's job at Telecom Italia,[9] Colao succeeded Vodafone CEO Arun Sarin on 29 July 2008.[2] During his time in office, Vodafone sold out of the United States with a $130 billion exit from a joint venture with Verizon.[10]

In May 2018, Colao announced that he would step down as Vodafone CEO effective October 2018, and will be succeeded by the finance director Nick Read.[11]

Political career[edit]

In April 2020, Colao was appointed by the Italian government led by Giuseppe Conte as the leader of a special task force to handle the 'Phase 2' of the emergency for the COVID-19 pandemic.[12]

Other activities[edit]

Corporate boards[edit]

Non-profit organizations[edit]

Personal life[edit]

Colao has been married since 1992. His wife and two children reside with him in South Kensington, Greater London.[18] Colao is a reserve officer in the Carabinieri.[3][5]

References[edit]

  1. ^ Crispian Balmer (February 13, 2021), Italy's Draghi takes office, faces daunting challenges Reuters.
  2. ^ a b "Vodafone Announces New Chief Executive". Vodafone. 2008-05-27. Retrieved 2008-05-27..
  3. ^ a b Wearden, Graeme (2008-05-27). "Vittorio Colao: from Brescia to the top of Vodafone". The Guardian. Retrieved 2008-05-27.
  4. ^ "Vittorio Colao". 1 December 2014. Cite journal requires |journal= (help)
  5. ^ a b c Lindsay, Robert (2008-05-27). "Who is Colao?". The Times. London. Retrieved 2008-05-27.
  6. ^ a b "Vittorio Colao (86-96 MIL) New CEO of RCS MediaGroup". McKinsey & Co. 2004-06-23. Retrieved 2008-05-27.
  7. ^ "RCS CEO resigns after shareholder criticisms". Forbes/AFX News. 2006-07-21. Retrieved 2008-05-27.
  8. ^ "Vodafone Names Vittorio Colao European Region Ceo". Dow Jones. 2006-09-06. Retrieved 2008-05-27.
  9. ^ Blackden, Richard (2008-05-27). "Vittorio Colao fends off Vodafone competition". The Telegraph. Retrieved 2008-05-27.
  10. ^ Paul Sandle, Kate Holton (May 15, 2018), End of an era as Vodafone boss Colao hands over to protege Read Reuters.
  11. ^ "Vodafone boss Vittorio Colao to step down". BBC News. Retrieved 2018-05-16.
  12. ^ Zampano, Giada (2020-04-11). "Italy gov't extends coronavirus lockdown until May 3". Anadalu Agency. Retrieved 2020-04-11.
  13. ^ Vittorio Colao General Atlantic.
  14. ^ Board of Directors: Vittorio Colao Verizon.
  15. ^ "Vittorio Colao". Unilever global company website. Retrieved 2017-03-23.[additional citation(s) needed]
  16. ^ International Advisory Council Bocconi University.
  17. ^ PM meets European Round Table of Industrialists Government of the United Kingdom, press release of 1 November 2018.
  18. ^ The MT Interview: Vittorio Colao of Vodafone, managementtoday.co.uk

External links[edit]