John Elkann won’t necessarily be a circle of relatives name, alternatively he’s indisputably associated with a large number of corporations with which many people are familiar, in particular Fiat, Chrysler, and Ferrari.
Even if he comes from a longer line of industrialists who established the Fiat name, Elkann has established himself as an executive with energy and a vision. Keep learning to decide additional about John Elkann’s early life, training, career background, and other interests.
Key Takeaways
- John Elkann is the chair and CEO of Exor, a keeping up corporate that has interests in Fiat and Ferrari.
- Elkann was born in New York and lived inside the U.K., Brazil, France, and Italy.
- He is a member of the Agnelli family, which started the Fiat auto emblem.
- Elkann assumed the placement of board member of Fiat in 1997 and turned into chair in 2010.
- He oversaw the acquisition of Chrysler by way of Fiat, at the side of the merger between Fiat Chrysler and Peugeot, which resulted within the introduction of a brand spanking new entity referred to as Stellantis.
Early Life and Training
John Elkann is a member of the harsh Agnelli family that controlled the Italian automaker Fiat. He was born in New York The town in 1976. He traveled broadly as a child and lived in several global places, along with the United Kingdom, Brazil, France, and Italy. This helped him turn out to be fluent in 4 languages: Italian, English, Spanish, and Portuguese. In keeping with Elkann, his “life was at all times about being confronted with an environment where you had to adapt.”
He studied sciences at the Lycée Victor Duruy in Paris and earned an engineering level from Politecnico di Torino in Turin, Italy in 2001. He held a large number of internships that allowed him to look how the car industry works.
The ones tales allowed him to look the producing facility, promoting and advertising and marketing, and product sales facets of the company. His background included a headlamp production facility inside the U.K., a producing line in Poland, and a automobile dealership in France. By the time he landed a seat on Fiat’s board in 1997, Elkann was already writing his undergraduate thesis on e-auctions as a part of Customary Electric’s corporate duties crew.
Notable Accomplishments
Elkann is the chair of automakers Stellantis and Ferrari. He is moreover a board member, chair, and chief executive officer (CEO) of Exor, a keeping up company that has a stake in each and every automakers. He ranked inside the 1,445th spot on Forbes’s billionaire’s report with a web worth totaling $2.1 billion as of Would possibly 18, 2022.
He was raised to take part inside the family industry beneath his grandfather Gianni Agnelli’s course. As such, he turned into a member of Fiat’s board in 1997 at the insistence of his grandfather after the lack of lifetime of his cousin, Giovanni Alberto Agnelli.
In 2004, Elkann turned into vice-chair of Fiat, a twelve months after his grandfather’s lack of existence. The company was suffering from the poor reputation its vehicles had when it were given right here to reliability. Elkann worked sparsely with keep an eye on and helped to turn the company spherical. He turned into chair of the company in 2010 at the age of 36 when Luca Cordero di Montezemolo stepped down.
Stellantis owns many well known automobile producers, along with Fiat, Chrysler, Dodge, Jeep, Peugeot, Maserati, Alfa Romeo, and Citroen.
Throughout his time major the company, Elkann oversaw the acquisition of Chrysler in 2009. He was moreover instrumental inside the 2021 merger of Fiat Chrysler and Peugeot, which resulted in a brand spanking new entity named Stellantis. The newly formed company has an business presence in about 30 global places along with commercially in 130 markets.
Elkann moreover holds a large number of positions out of doors of his corporate interests in automaking. Exor owns an hobby in Juventus Football Club, which gives Elkann a stake inside the club. The league, which is based totally utterly in Turin, was based totally in 1897 and is owned by way of the Agnelli family.
Who Owns Ferrari?
Ferrari is a public company, as a result of this it is necessarily owned by way of shareholders; however, the largest owner of Ferrari is the Agnelli family, via its keeping up company, Exor, which owns 22.9% of Ferrari.
How Rich Is John Elkann?
John Elkann’s web worth as of Would possibly 18, 2022, was $2.1 billion. He is part of the wealthy Agnelli family that started the car company, Fiat. Elkann is also chair of Stellantis and chair and CEO of Exor.
What Well known Family Owns Juventus?
The football club, Juventus FC, is owned by way of the Agnelli family via its keeping up company, Exor.
The Bottom Line
John Elkann is the head of the Agnelli family, which is renowned for founding the automaker, Fiat, and having a hand in a number of other automobile producers, harking back to Ferrari. Elkann holds necessary roles in well known corporations, along with being the chair of Fiat and Ferrari, along with the chair and CEO of Exor, which manages his family’s investments.
