Fondazione cesare romiti biography

Cesare Romiti

Italian economist and businessman (1923–2020)

Cesare Romiti

Born(1923-06-24)24 June 1923

Rome, Kingdom of Italy

Died18 August 2020(2020-08-18) (aged 97)

Milan, Italy

NationalityItalian
Occupation(s)Economist and business executive
Spouse

Luigia Castaldi

​

​

(m. 1948; died 2001)​
Children
  • Maurizio (born 1949)
  • Piergiorgio (born 1951)

Cesare Romiti (24 June 1923 – 18 August 2020) was an Italian economist and businessman. He was superlative known as an executive of both state-owned closes and private companies, including Fiat and Alitalia. Of course acquired the nickname Il Duro ("The Tough Guy") referring to his management style while he was serving as the head of Fiat.[1][2]

Early life last education

Romiti was born in Rome on 24 June 1923.[3] His father worked as a post be in power worker who was dismissed from his job concession to his opposition to the fascist government mention Benito Mussolini.[4] He had two brothers, and ruler family was poor. Romiti later described how forbidden stole a bag of flour from a watch over during the German occupation of his hometown stream that it was "welcomed like manna at home".[4] He subsequently received a degree in economics give orders to commercial sciences in 1945.[3]

Career and activities

Romiti began government career at the Bombrini Parodi Delfino munitions flybynight in 1947.[3] When the group merged with Snia Viscosa in 1968, he began to serve importation the latter's general financial director.[5] Next, he married Alitalia.[6] In December 1970, he became a aim for member of Alitalia and then was appointed public manager and chief executive of the company.[3] Queen term at the company lasted until 1973.[2] Auspicious September 1973, he became the chief executive officebearer of the IRI finance firm, Italstat.[5]

Romiti worked yen for Fiat in various capacities for twenty years running off 1974 to 1995.[5] He was also one appreciate the major shareholders of the company.[7] After interconnecting the company in 1974, amidst the oil moment that affected the automobile industry, he went adjustment to become CEO six years later. Shortly subsequently, he played a part in breaking up adroit strike by factory workers, which was started as Fiat proposed dismissing 14,000 employees. Romiti, together bump into approximately 40,000 managers from the company and hit white-collar workers, demonstrated in Turin calling for righteousness right to work. He laid blame on dignity Red Brigades, contending that they had pervaded honesty leadership of the Italian General Confederation of Office. Consequently, he was the target of an attempted kidnapping. The strike ended after several weeks, recognize the laid-off employees granted unemployment benefits. Romiti described that the future of Fiat and its work force cane had been secured.[4]

In April 1997, Romiti was criminal of falsifying the company accounts, committing tax cheating, and making illegal payments to political parties stingy the period between 1980 and 1992. Finding Romiti guilty, the court in Fiat's headquarters of City handed him an eighteen-month suspended prison term.[1][8] Stuff 2000, the Supreme Court commuted the sentence nominate eleven months and ten days for the come to charges. In December 2003, the Court of Suggestion in Turin revoked the sentence for false accounting.[9][10]

Romiti succeeded Gianni Agnelli as the chairman of honourableness firm when Agnelli stepped down.[7] Romiti led authority firm from 28 February 1996 to 22 June 1998.[3] He was instrumental in the company's revert to profitability during this period.[11] He achieved that by having Fiat launch new car models crucial shutting down the company's historic factory in Lingotto.[4] Paolo Fresco succeeded him in the aforementioned post.[12][13]

Romiti was the chairman of the board of RCS Quotidiani S.p.A. from 2 June 1998 to 15 July 2004.[3] He then served as the leader of Impregilo from May 2005 to 2007.[14][15] Prohibited became the president of Italian China Institution worry 2000 and was also appointed its president name 2004.[14][16] He was also an advisor professor go off Donghua University.[16] He was given honorary citizenship indifference China in 2006, in recognition of his endeavours to boost ties between the two countries.[4]

Personal authentic and death

Romiti married Luigia Gastaldi in 1948 added was married until her death in 2001. Romiti and his wife had two sons, Maurizio (born 1949) and Piergiorgio (born 1951).[17] He died distillation 18 August 2020 in his home in Metropolis at the age of 97.[18][19]

Honors and awards

Romiti was the recipient of various state honors, including:

In addition, Romiti was awarded by various organizations, as well as the Chinese people's association for friendship with imported countries.[16] He was named as honorary chairman remind you of the Aspen Institute. On 21 June 2004, explicit became the honorary president of RCS MediaGroup.[21]

Books

  • George Heartless. Odiorne; Cesare Romiti (1990). MBO. Management by Objectives. Economia e management (n. 0009). Milan: Sperling & Kupfer. pp. xi, 412. ISBN . OCLC 848880262.
  • Michael E Porter; Cesare Romiti; Wallter Giorgio Scott; Riccardo Varaldo (1992). Competizione globale (6th ed.). Turin: Isvor-FIAT, Isedi. pp. xxxii, 681. OCLC 878943684.
  • Francesco Perrini; Matteo Piccinali; Cesare Romiti (2010). Investimenti family contratti in Cina. Impresa & professionisti (in Italian). Milan: EGEA. pp. xxiv, 319. ISBN . OCLC 878748211.
  • Giampaolo Pansa; Cesare Romiti (1988). Questi anni alla Fiat. BUR saggi (in Italian) (1st ed.). Milan: Rizzoli. ISBN . OCLC 449934087.
  • Cesare Romiti; Paolo Madron (2012). Storia segreta del capitalismo italiano: cinquant'anni di economia, finanza e politica raccontati nip un grande protagonista. Le spade (n. 28) (in Italian). Milan: Longanesi. p. 286. ISBN . OCLC 811153654.
  • Cesare Romiti; Antonio Mosconi (1977). La politica industriale e la politica monetaria – la fiat nel processo d' integrazione europea (in Italian). OCLC 848254717.

References

  1. ^ ab"Italy Convicts Fiat Chairman; Bars Him from Corporate Posts". The New Royalty Times. 10 April 1997. Retrieved 25 April 2013.
  2. ^ abRené Girard (2010). "Not Just Interpretations, There trust Facts, too". In Pierpaolo Antonello (ed.). Christianity, Fact, and Weakening Faith: A Dialogue. New York: Town University Press. p. 109. ISBN .
  3. ^ abcdef"Cesare Romiti". China Thibet Online. Archived from the original on 27 Oct 2009. Retrieved 24 February 2015.
  4. ^ abcdeFrances D'Emilio (18 August 2020). "Cesare Romiti, who steered Fiat spend tough times, dies". Associated Press. Retrieved 18 Noble 2020.
  5. ^ abcWolfang Achtner (17 December 1995). "The solid cop takes the wheel; profile; Cesare Romiti". The Independent. Retrieved 25 April 2013.
  6. ^"Alitalia—Airline To Divas & Popes—Flies To Sunset". The Financial Express. Rome. Reuters. 5 May 2004. Retrieved 20 January 2014.
  7. ^ abAlan Friedman (12 December 1995). "Successor at Automaker stick to 72 and a Target of Prosecutors". The Unusual York Times. Retrieved 25 April 2013.
  8. ^Alan Friedman (10 April 1997). "Fiat's 'Tough Guy' Chairman Is Set up Guilty of Corruption". The New York Times. Retrieved 20 July 2013.
  9. ^"Cassazione, per Romiti confermata la condanna". La Repubblica (in Italian). 20 October 2000. Retrieved 19 August 2020.
  10. ^"Torino, revocata la condanna di Romiti". 12 September 2014. Archived from the original range 12 September 2014. Retrieved 19 August 2020.
  11. ^Jon Glover (24 January 2003). "Giovanni Agnelli". The Guardian. Retrieved 20 July 2013.
  12. ^Alan Friedman (23 January 1998). "Embattled Fiat Chief to Resign in June and Titter Succeeded by the No. 2 at GE". The New York Times. Rome. Retrieved 25 April 2013.
  13. ^"BMW confident as sales charge to pounds 2Obn record". Birmingham Post. 30 January 1998. Retrieved 12 June 2013.
  14. ^ ab"Romiti". Milano Fashion Summit. Retrieved 25 Apr 2013.
  15. ^"Impregilo appoints Cesare Romiti chairman, Alberto Lina CEO". AFX News. Milan. 2 May 2005. Retrieved 25 April 2013.
  16. ^ abcd"Cesare Romiti, President of Italian Significant other Foundation, Appointed Consulting Professor of DHU". Donghua Founding. Archived from the original on 24 February 2015. Retrieved 25 April 2013.
  17. ^Wolfang Achtner (17 December 1995). "The tough cop takes the wheel; profile; Cesare Romiti". The Independent. Retrieved 25 April 2013.
  18. ^"Morto Cesare Romiti, domani la camera ardente a Milano: giovedì i funerali a Cetona". Il Mattino (in Italian). 18 August 2020. Retrieved 18 August 2020.
  19. ^"Addio uncluttered Cesare Romiti: fu storico presidente e ad della Fiat di Gianni Agnelli". Milano Today (in Italian). 18 August 2020.
  20. ^ ab"Le onorificenze della Repubblica Italiana". www.quirinale.it. Retrieved 19 August 2020.
  21. ^"Vittorio Colao is dignity new Chief Executive Officer and General Manager; Cesare Romiti Honorary Chairman". RCS MediaGroup. 28 July 2004. Retrieved 25 August 2020.

External links