Marco Tronchetti Provera (; born 1948) is an
Italian businessman. He formerly served as
chief executive officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
CEOs find roles in variou ...
of the Italian
tyre manufacturer
Pirelli & Co. S.p.A. from 1992
to 2022
, where he continues to serve as executive vice chairman.
Biography
Marco Tronchetti Provera was born in
Milan
Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...
in 1948.
In 1971, Provera obtained an Economics and Business Administration degree from the
Bocconi University of Milan.
Provera joined the
Pirelli Group in 1986. In 1987, he married Cecilia Pirelli, the daughter of the company's founder, CEO, and chair
Leopoldo Pirelli. In 1992, Pirelli chose to step down from managing the company following an unsuccessful merger with the German auto parts firm
Continental AG. Pirelli would retain his position on the board and appoint Provera, his son in law, to succeed him as CEO.
In 2001, Provera acquired a controlling stake in
Telecom Italia's main holding and became chairman of the company. He would later attempt to sell the company to Mexican telecommunications mogul
Carlos Slim.
In 2015, Provera oversaw Pirelli's $7-billion takeover by
China National Chemical Corporation.
Provera successfully negotiated to remain executive vice-chairman and CEO of the tire company follow the acquisition. In May 2022, he stepped down as CEO of Pirelli while remaining its Executive Vice-Chairman.
In addition, Provera currently serves as the
chair
A chair is a type of seat, typically designed for one person and consisting of one or more legs, a flat or slightly angled seat and a back-rest. It may be made of wood, metal, or synthetic materials, and may be padded or upholstered in vario ...
of the holding company Marco Tronchetti and Provera & C.
S.p.A., in which he holds a controlling stake. The firm indirectly holds 50% of Camfin S.p.A., where Provera formerly served as chair until December 2013. Camfin itself indirectly holds 41% of Marco Polo Industrial Holding S.p.A., the investment vehicle established by ChemChina to facilitate its acquisition
Pirelli & C. S.p.A.
Other roles
* Since September 2020: Member of the Italian
Aspen Institute.
* Deputy chairman of the Board of
Mediobanca
* Member of the executive committee of
Confindustria
* Member of the International Advisory Board of insurance company
Allianz
* Member of the Steering Committee of Assonime and of Assolombarda.
* Honorary co-chairman for the Italian branch of the Council for the United States and Italy
* Member of the Italian Group of the Trilateral Commission.
* December 1996 - September 2005: Chairman of ''
Il Sole 24 Ore''
* October 2001 - September 2005: Board member of Milan's
La Scala opera house
* September 2001 - September 2006: Chairman of
Telecom Italia S.p.A
Personal life
Provera has been married three times. His first wife was journalist Letizia Rittatore Vonwiller.
He married Cecilia Pirelli in 1987, with whom he had three children.
In December 2001, he married
Afef Jnifen, which lasted until they announced their divorce in 2018.
References
Bocconi University alumni
Italian businesspeople
Living people
Tire industry people
Pirelli people
1948 births
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