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Umberto Agnelli

Male 1934 - 2004  (69 years)    Has more than 100 ancestors and 2 descendants in this family tree.

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  • Name Umberto Agnelli 
    Birth 1 Nov 1934  Lausanne, Vaud, Confoederatio Helvetica Find all individuals with events at this location 
    Gender Male 
    Death 27 May 2004 
    Burial 30 May 2004 
    Siblings 6 Siblings 
    Person ID I97240  Geneagraphie
    Last Modified 5 Jun 2004 

    Father Edoardo Agnelli,   b. 2 Jan 1892, Verona Find all individuals with events at this locationd. 1935 (Age 42 years) 
    Mother Marchesa Virginia Bourbon del Monte Santa Maria,   b. 24 May 1899, Roma, Latium, Italia Find all individuals with events at this locationd. Nov 1945 (Age 46 years) 
    Family ID F39114  Group Sheet  |  Family Chart

    Family 1 Living 
    Children 
    +1. Giovanni Alberto Agnelli,   b. 1964   d. 13 Dec 1997 (Age 33 years)
    Family ID F39123  Group Sheet  |  Family Chart
    Last Modified 29 Aug 2000 

    Family 2 Living 
    Family ID F164719  Group Sheet  |  Family Chart
    Last Modified 25 Jan 2003 

  • Event Map Click to hide
    Link to Google MapsBirth - 1 Nov 1934 - Lausanne, Vaud, Confoederatio Helvetica Link to Google Earth
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    Pin Legend  : Address       : Location       : City/Town       : County/Shire       : State/Province       : Country       : Not Set

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  • Notes 
    • MILAN (AFP) - Four days of upheaval at Fiat following the death of chairman Umberto Agnelli have put the Italian industrial group in a swirl of uncertainty reflected in a sharp fall of the share price.
      The new chairman Luca Cordero di Montezemolo was appointed on Sunday in succession to Umberto Agnelli, who died of cancer on Thursday.
      The appointment, interpreted as a signal that the Agnelli family intends to retain a powerful hand in decision-making, provoked an immediate shock in the resignation of chief executive Giuseppe Morchio.
      Fiat shares plunged nearly 3.0 percent before clawing back to a closing loss of 1.04 percent at 5.736 euros in Milan, while the Mib30 index ended flat.
      A Milan stock dealer said the market was reacting to the departure of Morchio but that the uncertainty this had caused could soon be overcome if the choice of successor signalled that his strategy would be continued.
      Earlier, Fiat chairman Montezemolo said the board would appoint the new chief executive after it meets Tuesday. A press conference was scheduled for 2:30 pm (1230 GMT).
      Meanwhile, Fiat independent board member Sergio Marchionne emerged as the frontrunner to become the group's new chief executive, ANSA news agency reported, without identifying its sources.
      A Fiat spokesman declined to comment.
      Marchionne has been a board member since May 2003, and was appointed chief executive of SGS, a Swiss inspection, verification, testing and certification company, in February 2002.
      Another CEO name being floated was Paolo Monferino, the head of a Fiat subsidiary, CNH Global a US-based farm machinery and construction machinery group formed in a merger of Case and New Holland.
      Press reports here suggested that Morchio, appointed by Umberto Agnelli to mastermind a 15-month-old recovery plan which is showing signs of working, had hoped to be named chairman.
      He is reported to have told the Agnelli family this at a meeting in Turin on Sunday, the day after Umberto was buried. But the Agnellis saw things differently, appointing Montezemolo, whom they know well, and preparing the way for the appointment of another Agnelli, John Philip Elkann, as vice chairman.
      Morchio, in a resignation statement, expressed his "regret at no longer having a part in the restructuring strategy of the company" which he had planned "and which has led the group out of its crisis and achieved encouraging iniital results".
      Montezemolo is close to the Agnelli family, whose holding company IFIL controls 30.3 percent of the group.
      Elkann, 28, was made vice chairman after being groomed for a top role by his grandfather, the family patriarch Giovanni "Gianni" Agnelli who died in January 2003.
      After Umberto Agnelli's death Thursday, the general view initially was that the era of direct Agnelli management control since the company was founded in 1899 had come to an end because there was no one in the family of his stature and maturity to take over, at least for a generation.
      The central question raised by this upheaval is whether the rescue strategy will be continued.
      "Gianni" Agnelli was associated with diversification. Umberto Agnelli, to overcome a crisis which threatened survival of the group last year, concentrated on core industrial and auto interests.
      Montezemolo said in a statement issued by Fiat on Monday: "I have maximum confidence in the strong team which exists today and which is working with ability and devotion to carry out the recovery plan."
      The appointment of Montezemolo was not a total surprise. The current head of Ferrari, he is well regarded in all circles, including the trades union movement.
      AbaxBank analyst Gabriele Parini said that Montezemolo, who was elected on Wednesday as the head of the Italian employers' federation Confindustria, was well placed to reconcile the interests of the Agnelli family with those of creditor banks.
      But at the Dutch Bank Insinger de Beaufort, Patrizio Pazzaglia said that Montezemolo might have difficulty in avoiding conflicts between his job at Fiat and at Confindustria and that his strong personality might be a source of friction on the Fiat board.



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