Alessandro Profumo
 | This article contains wording that promotes the subject in a subjective manner without imparting real information. (April 2019) |
Alessandro Profumo, current CEO of Leonardo S.p.A. (formerly Finmeccanica), is an Italian manager in banking. He worked as a consultant at McKinsey and Bain and, when CEO of Unicredit, he was involved in the merger with HypoVereinsbank, Bank Austria Creditanstalt and Capitalia with the UniCredit Group. He resigned as CEO of the Unicredit Group on 21 September 2010.[1]
Personal life[]
Alessandro Profumo was born in Genoa on 17 February 1957 as the youngest of five children. He grew up in Palermo; in 1970, he moved to Milan with his parents, where he went to the Liceo Manzoni and met his future wife Sabina Ratti, then his classmate.[2]
After finishing high school, Profumo enrolled at Bocconi University. In 1977, he married Sabina, and his only son Marco was born the same year. Having to support a family, Profumo dropped out of university and started his professional career at Banco Lariano, with an initial salary of 377,000 Italian Lire.[2]
Professional development[]
In 1987, Profumo resumed his studies and obtained a degree in Business Economics.[2][3]
In 2007, with the merger of Unicredit with Capitalia, Profumo was the head of one of the biggest banking groups in Europe.[4]
In early 2012, Profumo was appointed CEO of Italian bank Banca Monte dei Paschi di Siena.[5]
In June 2012, Alessandro Profumo and other 19 people were remanded to trial for a tax swindle. The charge was of creating an illegal tax evasion scheme worth 245 million euro. The scheme, according to the prosecution, was created through an arrangement between Unicredit, Barclays, and two other minor companies. The trial was set to start in October 2012.[6]
In May 2017, the Finmeccanica ("Leonardo" since 1 January 2017) Board of Directors appointed Alessandro Profumo as new Chief Executive Officer of the Group.[7]
Current activities[]
 | This section needs to be updated. (August 2013) |
Since 1998, when UniCredit Group arose from "Credito Italiano", Profumo has acted as its CEO. By December 2005 he was appointed to chairman of the supervisory board of HVB. As of June 2012, Profumo was CEO of Banca Monte dei Paschi di Siena.
Honours[]
In 2004, Alessandro Profumo was invested as Knight of the Order of Merit for Labour ("Cavaliere al Merito del Lavoro") of the Italian Republic, by then president Carlo Azeglio Ciampi. Only a few economic personalities have received this award so far.[citation needed]
In August 2019, Profumo was awarded Best CEO in the Defence Industry at the CEO Awards 2019 by Business Worldwide Magazine.[8]
References[]
- ^ "Italy: Milan:BMPS Executive Profiles – WSJ.com". quotes.wsj.com. Retrieved 26 June 2012.
- ^ Jump up to: a b c "Il profumo dei soldi". L'Espresso (5 June 2008).
- ^ "Alessandro Profumo: Executive Profile & Biography – Businessweek". investing.businessweek.com. Retrieved 26 June 2012.
- ^ "UniCredit taglia i compensi 2008. Profumo senza bonus – Il Sole 24 ORE". www.ilsole24ore.com. Retrieved 25 April 2019.
- ^ "Profumo torna in pistasarà presidente del Monte dei Paschi". Repubblica.it (in Italian). 18 March 2012. Retrieved 25 April 2019.
- ^ "UniCredit, l'ex ad Alessandro Profumo rinviato a giudizio per frode fiscale".
- ^ Leonardo presents 2018–2022 Industrial Plan: long term sustainable growth
- ^ "CEO Awards 2019 Winners | Business & Corporate News". 28 August 2019. Retrieved 12 March 2020.
External sources[]
- 1957 births
- Bocconi University alumni
- Businesspeople from Genoa
- Italian male writers
- Living people
- McKinsey & Company people
- Italian people convicted of tax crimes
- Harvard Business School people