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Umberto Agnelli
Umberto Agnelli (Italian: [umˈbɛrto aɲˈɲɛlli]; 1 November 1934 – 27 May 2004) was an Italian industrialist and politician. He was the third son of Virginia (born Donna Virginia Bourbon del Monte) and Edoardo Agnelli, and the youngest brother of Gianni Agnelli.
Agnelli served as a CEO of Italian carmaker Fiat from 1970 to 1976. After the death of his brother, he was briefly chairman of the Fiat Group until his death, aged 69, in 2004. He was also chairman and later honorary chairman of Juventus, the football team long-associated with Fiat and the Agnelli family, and was for a time the president of the Italian Football Federation. He was a Christian Democracy member of the Senate of the Republic from 1976 to 1979. In 2015, he was posthumously inducted into the Italian Football Hall of Fame.
Agnelli was born in Lausanne, Switzerland, on 1 November 1934, as the youngest of seven children. After the premature deaths of his parents, Edoardo Agnelli and Virginia Bourbon del Monte in two unrelated accidents, he was raised by his older brother Gianni Agnelli. He graduated in law at the University of Catania. Like his brother and his grandfather, Giovanni Agnelli, who cofounded Fiat S.p.A. in 1899, he also carried out his military service at the Pinerolo Cavalry Application School.
Agnelli was chairman of Fiat France from 1965 to 1980, chief executive officer of Fiat from 1970 to 1976 and its vice president from 1976 to 1993. He was chairman of Fiat Auto from 1980 to 1990, and was a member of the International Advisory Board from 1993 to 2004. He was also chairman of Juventus between 1956 and 1961 and was honorary chairman from 1970 to 2004. He led the club to become the most successful in Italian football.
Engaged for a long time in the Fiat restructuring process, with the simultaneous opening towards foreign capital and markets, Agnelli and his family were listed 278th in the 2003 Forbes ranking of the richest people in the world, with an estimated net worth of around US$1.5 billion. Although he was a senior executive at Fiat, Agnelli was sidelined from taking a leadership role by his older brother, whom he had supported for a long time in the management of the family company even if often forced to remain on the bench for financial power games, until the latter's death in 2003.
From 2003 to 2004, Agnelli took over as chairman of the Fiat Group. Compared to the past, he decided to change his strategy by concentrating all Fiat resources on the car and turning to an external manager, Giuseppe Morchio, to whom he would entrust the leadership of the company. The Agnelli family's management was described as progressive and paternalistic.
Starting in the 1980s and accelerating into the 1990s, when the company was struggling, Agnelli was the architect of Fiat's diversification. The Fiat Group controlled several Italian newspapers and publishers in addition to the Fiat car firms and Juventus. Agnelli was in the process of restoring Fiat's fortunes, following a period in which the company's balance sheet, market share, and share value had all been in decline in the company's worst financial crisis, when he suddenly died of lung cancer after 18 months in control. Despite this, Forbes estimated that he was the world's 68th richest man with an approximate net worth of US$5.5 billion. He was a member of the Steering Committee of the Bilderberg Group.
Elected in 1955 by a council of members, including his older brother, who was president of the club, he became the youngest person to assume the highest managerial position in the history of Juventus. His management was characterized by the signings of important players, such as John Charles and Omar Sívori, who proved to be decisive for the conquest of three Serie A championships and two consecutive Coppa Italias from 1958 to 1961. Before he died, Agnelli was instrumental in signing Fabio Capello as Juventus coach in 2004. He also had transformed the club into a modern publicly listed company with important investment projects. After leaving the presidential role in 1962, Agnelli remained tied to Juventus. In 1994, he took over the management activities previously carried out by his brother, exerting greater influence on the club as honorary president during the following decade, a period in which the club won another five Serie A titles, one more Coppa Italia, four Supercoppa Italianas, one Intercontinental Cup, one UEFA Champions League, one UEFA Intertoto Cup and one UEFA Super Cup, for a total of 19 trophies in 18 years. By virtue of the sporting successes achieved during his managerial sporting career, Agnelli was jointly inducted by the Italian Football Federation (FIGC) and the Coverciano Football Museum Foundation into the Italian Football Hall of Fame in 2015.
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Umberto Agnelli
Umberto Agnelli (Italian: [umˈbɛrto aɲˈɲɛlli]; 1 November 1934 – 27 May 2004) was an Italian industrialist and politician. He was the third son of Virginia (born Donna Virginia Bourbon del Monte) and Edoardo Agnelli, and the youngest brother of Gianni Agnelli.
Agnelli served as a CEO of Italian carmaker Fiat from 1970 to 1976. After the death of his brother, he was briefly chairman of the Fiat Group until his death, aged 69, in 2004. He was also chairman and later honorary chairman of Juventus, the football team long-associated with Fiat and the Agnelli family, and was for a time the president of the Italian Football Federation. He was a Christian Democracy member of the Senate of the Republic from 1976 to 1979. In 2015, he was posthumously inducted into the Italian Football Hall of Fame.
Agnelli was born in Lausanne, Switzerland, on 1 November 1934, as the youngest of seven children. After the premature deaths of his parents, Edoardo Agnelli and Virginia Bourbon del Monte in two unrelated accidents, he was raised by his older brother Gianni Agnelli. He graduated in law at the University of Catania. Like his brother and his grandfather, Giovanni Agnelli, who cofounded Fiat S.p.A. in 1899, he also carried out his military service at the Pinerolo Cavalry Application School.
Agnelli was chairman of Fiat France from 1965 to 1980, chief executive officer of Fiat from 1970 to 1976 and its vice president from 1976 to 1993. He was chairman of Fiat Auto from 1980 to 1990, and was a member of the International Advisory Board from 1993 to 2004. He was also chairman of Juventus between 1956 and 1961 and was honorary chairman from 1970 to 2004. He led the club to become the most successful in Italian football.
Engaged for a long time in the Fiat restructuring process, with the simultaneous opening towards foreign capital and markets, Agnelli and his family were listed 278th in the 2003 Forbes ranking of the richest people in the world, with an estimated net worth of around US$1.5 billion. Although he was a senior executive at Fiat, Agnelli was sidelined from taking a leadership role by his older brother, whom he had supported for a long time in the management of the family company even if often forced to remain on the bench for financial power games, until the latter's death in 2003.
From 2003 to 2004, Agnelli took over as chairman of the Fiat Group. Compared to the past, he decided to change his strategy by concentrating all Fiat resources on the car and turning to an external manager, Giuseppe Morchio, to whom he would entrust the leadership of the company. The Agnelli family's management was described as progressive and paternalistic.
Starting in the 1980s and accelerating into the 1990s, when the company was struggling, Agnelli was the architect of Fiat's diversification. The Fiat Group controlled several Italian newspapers and publishers in addition to the Fiat car firms and Juventus. Agnelli was in the process of restoring Fiat's fortunes, following a period in which the company's balance sheet, market share, and share value had all been in decline in the company's worst financial crisis, when he suddenly died of lung cancer after 18 months in control. Despite this, Forbes estimated that he was the world's 68th richest man with an approximate net worth of US$5.5 billion. He was a member of the Steering Committee of the Bilderberg Group.
Elected in 1955 by a council of members, including his older brother, who was president of the club, he became the youngest person to assume the highest managerial position in the history of Juventus. His management was characterized by the signings of important players, such as John Charles and Omar Sívori, who proved to be decisive for the conquest of three Serie A championships and two consecutive Coppa Italias from 1958 to 1961. Before he died, Agnelli was instrumental in signing Fabio Capello as Juventus coach in 2004. He also had transformed the club into a modern publicly listed company with important investment projects. After leaving the presidential role in 1962, Agnelli remained tied to Juventus. In 1994, he took over the management activities previously carried out by his brother, exerting greater influence on the club as honorary president during the following decade, a period in which the club won another five Serie A titles, one more Coppa Italia, four Supercoppa Italianas, one Intercontinental Cup, one UEFA Champions League, one UEFA Intertoto Cup and one UEFA Super Cup, for a total of 19 trophies in 18 years. By virtue of the sporting successes achieved during his managerial sporting career, Agnelli was jointly inducted by the Italian Football Federation (FIGC) and the Coverciano Football Museum Foundation into the Italian Football Hall of Fame in 2015.
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