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Man in the News: John Elkann” Written by Paul Betts on Financial Times, April 23Rd 2010

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Man in the News: John Elkann” Written by Paul Betts on Financial Times, April 23Rd 2010 Abstracts of the article “Man in the News: John Elkann” Written by Paul Betts On Financial Times, April 23rd 2010 “This week’s appointment of the 34-year-old John Elkann as chairman of Fiat, the automotive group founded in 1899 by his great-great-grandfather Giovanni Agnelli, is on the face of it only the latest chapter in the Agnelli story.” (...) “At the tender age of 22, he was appointed to the Fiat board while continuing to study for his engineering degree at the Turin polytechnic. He was sent to work incognito in a Fiat headlight manufacturing plant in Birmingham in the UK, lodging with a local family who had no clue who he was and spending his evenings eating dinners in front of the television. He then worked, incognito again, on a Fiat assembly line in Poland, and later in General Electric’s audit department in the US under the wing of Jack Welch, the former GE chairman and chief executive, who was a friend of his grandfather Gianni and a Fiat board member.” (...) “For Italy has traditionally been a country that likes change as long as nothing changes. Mr Elkann and Mr Marchionne are ignoring the caveat. Mr Elkann has already streamlined the family assets into one listed company, Exor, and is now prepared to dilute control of its historic car business if this means he will end up with a smaller stake in a bigger and more viable business. He has also agreed to split the company in two, something his grandfather would never have even considered. Indeed, when Gianni Agnelli was negotiating a merger with Ford Europe in the 1980s, the deal fell apart because the two sides could not agree over control. Similar talks between Fiat and Daimler have foundered more recently for the same reason. So as Mr Marchionne continues to oversee Fiat’s ambitious transatlantic and global revival strategy – something he could never have done without Mr Elkann giving him the necessary room to manoeuvre – the young Agnelli is quietly working behind the scenes, revolutionising the company and the family’s other extensive business assets.” Abstracts of the article “Un nieto del mítico Gianni Agneli es el nuevo presidente de Fiat” On Clarin, April 21st 2010 “John Elkann tiene 24 años y reemplazará a Luca di Montezemolo” “El sucesor del actual presidente del fabricante de coches italiano Fiat, Luca Cordero di Montezemolo, de 62 años, será John Elkann, nieto de 34 años del histórico ex presidente de la firma Gianni Agnelli, comunicó ayer la cúpula directiva de Fiat en Turín”. “La Bolsa de Milán reaccionó con entusiasmo al anuncio: la acción de la automotriz, símbolo de la industria italiana, se disparó en 8%”. (...) “John Elkann Agnelli, tal su nombre completo, es la cuarta generación de los Agnelli en conducir lo que es el principal grupo industrial privado italiano. Nieto de Giovanni Agnelli, ‘l'Avvocato’ (El Abogado) y de Margherita Agnelli, nació en 1976 en Nueva York y ayer dijo al ser designado, tras agradecer el apoyo familiar, que le ‘hubiera gustado’ que el mítico abuelo estuviera allí presente”. “Elkann es consejero de Fiat desde diciembre de 1997 y vicepresidente desde 2004. Licenciado en Ingeniería Industrial de la Universidad de Turín, trabajó en varias empresas de Fiat en Gran Bretaña, Polonia y Francia antes de incorporarse al grupo en Italia”. (...) Abstracts of the article “El nieto de Giovanni Agnelli toma las riendas del grupo Fiat” Written by G. Ascenzia On Expansion, April 21st 2010 “El joven ejecutivo de 34 años ya era vicepresidente del grupo” “John Elkann será el nuevo presidente del grupo Fiat. Siete años después de la muerte de su abuelo, ilavvocato Giovanni Agnelli, la presidencia del grupo automovilístico italiano vuelve de nuevo a manos de un descendiente directo del fundador de la empresa, donde la familia Agnelli controla un 30% del capital”. (...) “Elkann, de 34 años, actual vicepresidente de Fiat, relevará del mando a Luca Cordero di Montezemolo, de 62 años, quien ha garantizado en estos años una transición ordenada hacia la nueva generación de los Agnelli. John es el primogénito de la hija de Agnelli, Margarita y de su primer marido, el escritor Alain Elkann. Es el heredero que su abuelo designó, tras la muerte prematura por un raro cáncer de su primo Giovannino Agnelli, en 1997”. (...) “Como pasa en las mejores familias, ha sido educado para el papel al que estaba destinando desde su nacimiento en New York, en 1976. En 2000, se licenció en Ingeniería por Turín y un año después empezó su carrera profesional en General Electric”. “En 2003, entró en la empresa de la familia, Ifil, donde trabajó en el plan de relanzamiento de Fiat y el año siguiente, tras la muerte de su tío Umberto, se convirtió en vicepresidente de Fiat. Ese mismo año se casó con Lavinia Borromeo con la que ha tenido dos hijos, Leone y Oceano”. (...) Abstracts of the article “John Elkann, nieto de Agnelli, presidirá Fiat” On La Vanguardia, April 21st 2010 “La Bolsa de Milán acogió con entusiasmo el relevo” “Después de una interrupción de seis años, Fiat volverá a estar dirigida por un miembro de los Agnelli, una de las grandes familias industriales europeas. John Elkann, nieto de Gianni Agnelli – l’Avvocato–, será designado hoy oficialmente nuevo presidente del coloso automovilístico italiano”. (...) “Elkann, nacido en Nueva York en 1976, es hijo de Margherita Agnelli de Pahlen y su primer marido, Alain Elkann. El nuevo presidente se mostró ‘orgulloso y feliz’, y tuvo un recuerdo para el abuelo. ‘Me habría gustado que estuviera aquí’, dijo”. (...) .
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