Corrado Passera (born on 30 December 1954 in Como, Italy) is an Italian manager and banker, who has served as Minister of Economic Development and Infrastructure and Transport in the Mario Monti Cabinet.[1][2]
Corrado Passera | |
|---|---|
 | |
| Minister of Infrastructure and Transport | |
| In office 16 November 2011 – 28 April 2013 | |
| Prime Minister | Mario Monti |
| Preceded by | Altero Matteoli |
| Succeeded by | Maurizio Lupi |
| Minister of Economic Development | |
| In office 16 November 2011 – 28 April 2013 | |
| Prime Minister | Mario Monti |
| Preceded by | Paolo Romani |
| Succeeded by | Flavio Zanonato |
| Personal details | |
| Born | 30 December 1954 Como, Italy |
| Political party | Independent (2011–2014) Italia Unica (2014–2016) |
| Spouse |
Giovanna Salza (m. 2011) |
| Children | 5 children |
| Alma mater | Bocconi University Wharton School (MBA) |
| Profession | Manager, banker |
Biography
editCorrado Passera was born into a family of entrepreneurs.[3][4] He graduated in Business Economics from Bocconi University in 1977 and obtained a master in Business Administration from the Wharton School of the University of Pennsylvania in 1980.[5][6]
Professional career
editHe began his professional career in 1980 at McKinsey, where he remained for five years, focusing on the reorganization and revitalization of banking, insurance, and service companies both in Italy and abroad.[7] Then he moved to CIR, the holding company of the De Benedetti Group, where he first served as the CEO's assistant and later as General Manager from 1988 to 1990. During those years, he worked on financial projects, including the creation of a new core shareholder group for Credito Romagnolo, where he served as Vice President from 1987 to 1995.[8]
Between 1991 and 1992 he first served as Chief Operating Officer of the Mondadori Group and then as Vice President and CEO of Editoriale L’Espresso-Repubblica, leading the company to be listed on the stock exchange.[9] Subsequently, he became Co-CEO of the Olivetti Group, which was facing a deep crisis at the time. There, he oversaw the company's entry into the telecommunications sector, leading to the creation of Omnitel (now Vodafone) and Infostrada.[10] [11]
In 1996, he was appointed CEO and General Manager of Banco Ambroveneto where, the following year, he managed the banking consolidation operation with Cariplo, which led to the creation of Banca Intesa.[12] Two years later, the then Ministry of the Treasury appointed him CEO of Poste Italiane, with the task of restructuring the company, which was in serious crisis at the time.[13][14] Under his leadership, the company entered into the financial services sector through the creation of Bancoposta and Poste Vita. By 2002, the company had achieved economic recovery, posting its first profit.[8][10]
In the same year, Passera left Poste Italiane to return to the banking world as CEO of IntesaBCI.[15][16] In the summer of 2006, he managed the merger between the bank and Sanpaolo IMI, which led to the creation of Intesa Sanpaolo,[6] where he served as Director and CEO until 2011.[17][18] The following year, he promoted the establishment of Banca Prossima, a Third Sector bank dedicated to social enterprises.[19]
He founded Encyclomedia Publishers in 2010, a publishing project in collaboration with Umberto Eco, aimed at producing the first History of European Civilization designed for new digital media, with both educational and widespread cultural updating purposes.[20] The project was also presented at the UN in 2013 and was completed in terms of content in the winter of 2015.[21]
On 18 January 2018, Passera founded "Spaxs", a SPAC active in the financial sector.[13][22] Following the merger with Banca Interprovinciale in September of that year,[23][24] he created illimity, a banking group dedicated to small and medium-sized enterprises with potential, listed on the STAR segment of Borsa Italiana since September 2020.[25][26]
Political career
editIn 2011, Corrado Passera was appointed by President Giorgio Napolitano Minister of Economic Development and Minister of Infrastructure and Transport in the Monti government,[6] roles he held until the end of the administration in April 2013.[27][28]
On 23 February 2014, Corrado Passera founded the political movement Italia Unica[29][30] and in June of the following year, at the end of the national leadership meeting of Italia Unica in Milan, he announced his intention to run for Mayor of Milan in the upcoming local elections. However, a year later, he withdrew from the mayoral race, simultaneously announcing his support for the official center-right coalition candidate, Stefano Parisi.[31] On 30 September 2016, the National Assembly of Italia Unica decided to dissolve the party.[32]
Other roles
edit- Member of the Board of Directors at Bocconi University[33] and the Fondazione Teatro alla Scala.[34]
- Member of the Board of Directors of Finmeccanica[35] and Crédit Agricole in Paris.[36]
- Advisor and member of the Executive Committee of the Italian Banking Association.[34][37]
- Member of the International Advisory Board of McKinsey & Company, the Wharton School of Philadelphia,[34][38] and the Scuola Normale Superiore of Pisa.[33]
- Member of the Board of the International Institute of Finance in Washington, D.C.[39]
- Member of the General Council of the Giorgio Cini Foundation in Venice.[34]
- Member of the International Business Council and the Global Agenda Councils of the World Economic Forum.[33]
- Since February 22, 2019, he has served as the President of the Imola International Academy Foundation “Incontri con il Maestro”.[40]
Honours and recognitions
edit
Grand Officer of the Order of Merit of the Italian Republic: December 27, 2005.[41]
Knight of the Order of Merit for Labour: June 1, 2006, appointed by the President of the Italian Republic Giorgio Napolitano.[42][43]
He has received an honorary degree in Management Engineering from the Polytechnic University of Bari[44] and an honorary master in International Business from the MIB Trieste School of Management.[45]
References
edit- ^ "Passera, Corrado - Enciclopedia Treccani" (in Italian). Retrieved 9 October 2024.
- ^ Francesca Giuliani (16 November 2011). "The Who's Who of the Monti Government". i-Italy. Archived from the original on 16 March 2014. Retrieved 7 September 2013.
- ^ "Corrado Passera, un comasco ministro nel governo Monti" (in Italian). Retrieved 9 October 2024.
- ^ "Stasera Corrado Passera ospite a Forbes Green Carpet" (in Italian). Retrieved 9 October 2024.
- ^ "Da Intesa Sanpaolo al governo, chi è Corrado Passera" (in Italian). Retrieved 9 October 2024.
- ^ a b c "Introducing Corrado Passera. One of Italy's key ministers". Retrieved 9 October 2024.
- ^ "Olivetti, Passera lascia per Bam" (in Italian). Retrieved 9 October 2024.
- ^ a b "Corrado Passera" (in Italian). Retrieved 9 October 2024.
- ^ "Corrado Passera: profilo" (in Italian). Retrieved 9 October 2024.
- ^ a b Snehasish, Chaudhuri; Satyakama, Paul (2007). "Corrado Passera Restructuring Poste Italiane and Banca Intesa: The Leadership Style of the Corporate Savior". IBS ICFAI Business School (407-024-1). Retrieved 9 October 2024.
- ^ "Corrado Passera è il nuovo ministro per lo Sviluppo, le Infrastrutture e i Trasporti" (in Italian). Retrieved 9 October 2024.
- ^ "CARIPLO ENTRA IN AMBROVENETO NASCE LA TERZA BANCA ITALIANA" (in Italian). Retrieved 9 October 2024.
- ^ a b "The modern bank for Italy's SMEs". Retrieved 9 October 2024.
- ^ "Corrado Passera, il manager con l'Ict nel dna" (in Italian). Retrieved 9 October 2024.
- ^ "Chi è Corrado Passera, nuovo ministro dello Sviluppo economico, Infrastrutture e Trasporti" (in Italian). Retrieved 9 October 2024.
- ^ Kelner, Braden (1 July 2007). "Efficient Italian Post & Banking: Corrado Passera WG80". Wharton Magazine. Retrieved 11 September 2024.
- ^ "Intesa - Sanpaolo IMI, ok a fusione, nasce la banca da 65 mld di euro" (in Italian). Retrieved 9 October 2024.
- ^ "Intesa-Sanpaolo: fatta la squadra" (in Italian). Retrieved 9 October 2024.
- ^ "Il gruppo bancario Intesa San Paolo lancia la banca non profit" (in Italian). Retrieved 9 October 2024.
- ^ "Riparte l'Encyclomedia di Eco" (in Italian). Retrieved 9 October 2024.
- ^ "Umberto Eco: aiuto, perdiamo" (in Italian). Retrieved 9 October 2024.
- ^ "Borsa Italiana, Spaxs ammessa su AIM. Debutto il 1º febbraio" (in Italian). Retrieved 9 October 2024.
- ^ "Spaxs-Banca Interprovinciale: ok to the merger, Illimity is born". Retrieved 9 October 2024.
- ^ "SPAXS: Closing acquisizione di Banca Interprovinciale" (in Italian). Retrieved 9 October 2024.
- ^ "Cosa farà illimity, la nuova banca di Corrado Passera" (in Italian). Retrieved 9 October 2024.
- ^ "illimity, the new Italian paradigm bank". Retrieved 9 October 2024.
- ^ "DECRETO 21 febbraio 2013" (in Italian). Retrieved 9 October 2024.
- ^ "Manager, cooperanti e professori. Ecco i ministri del governo Monti" (in Italian). Retrieved 9 October 2024.
- ^ "Passera lancia il suo movimento politico: «Partire dalle cose vere, i soldi alle famiglie»" (in Italian). Retrieved 9 October 2024.
- ^ "Nasce "Italia unica", il partito di Corrado Passera" (in Italian). Retrieved 9 October 2024.
- ^ "Elezioni Milano, Corrado Passera si ritira dalla corsa a sindaco: "Ora avanti con Parisi, uniamo le forze"" (in Italian). Retrieved 9 October 2024.
- ^ "Italia Unica, Corrado Passera "chiude" il suo partito: "Non siamo riusciti a convincere"" (in Italian). Retrieved 9 October 2024.
- ^ a b c "Federazione Nazionale cavalieri del Lavoro" (PDF) (in Italian). Retrieved 9 October 2024.
- ^ "Finmeccanica, Lina presidente" (in Italian). Retrieved 9 October 2024.
- ^ "Credit Agricole Annual Report 2003" (PDF). Retrieved 9 October 2024.
- ^ "ABI nuovo Consiglio e Comitato Esecutivo" (in Italian). Retrieved 9 October 2024.
- ^ "Official website of Wharton School".
- ^ "Corrado Passera: "Lavoro e finanza: nuove opportunità per i giovani"" (in Italian). Retrieved 9 October 2024.
- ^ "L'Accademia di Imola inaugura l'Anno Accademico 2023/24" (in Italian). Retrieved 9 October 2024.
- ^ "Quirinale Official website" (in Italian). Retrieved 9 October 2024.
- ^ "Quirinale Official website" (in Italian). Retrieved 9 October 2024.
- ^ "Marchionne e Passera nuovi Cavalieri del lavoro" (in Italian). Retrieved 9 October 2024.
- ^ "Passera: la nostra crisi è soprattutto di fiducia" (in Italian). Retrieved 9 October 2024.
- ^ "MIB TRIESTE "DIPLOMA" A.D. ABM AMRO" (in Italian). Retrieved 9 October 2024.