Marco Tronchetti Provera


Marco Tronchetti Provera is an Italian businessman. He formerly served as the CEO of the Italian tire manufacturer Pirelli & C. from 1992 to 2022, where he continues to serve as executive vice chairman.

Early life and education

Marco Tronchetti Provera was born in Milan in 1948. In 1971, Provera obtained an Economics and Business Administration degree from the Bocconi University of Milan.

Career

Provera joined Pirelli & C. in 1986. In 1987, he married Cecilia Pirelli, the daughter of the company's founder, CEO, and chairman, Leopoldo Pirelli. In 1992, Pirelli chose to step down from his role as CEO following an unsuccessful merger with the German auto parts firm Continental. Pirelli retained his position on the board and appointed 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 & C.'s $7-billion takeover by ChemChina. Provera successfully negotiated to remain executive vice-chairman and CEO of the tire company following the acquisition. In May 2022, he stepped down as CEO of Pirelli while remaining its Executive Vice-Chairman.
Provera currently serves as the chairman 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 of Pirelli & C.

Other roles

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.