MILAN (Thomson Financial) - John Elkann, the grandson of legendary Fiat Spa
boss Giovanni Agnelli, will become president next Tuesday of Ifil Investments
Spa, the Agnelli family's holding company, current Ifil president Gianluigi
Gabetti told the Corriere della Sera and La Stampa on Wednesday.
Gabetti, 83 and a close Agnelli family friend, will inform the
Luxembourg-based holding group's annual general meeting on Tuesday of his
intention to stand down, he said, adding the end of his tenure was flagged a
year-and-a-half ago.
Gabetti said Elkann, 32 and already vice-president of Fiat and Ifil, is
"more than ready" for the role.
As well as its 30 percent holding in Fiat, Ifil also holds 2.45 percent of
Italian bank Intesa Sanpaolo, 27 percent of French holding company Sequana
Capital, 100 pct of French tour operator Alpitour and 62.01 percent of Juventus
Football Club SpA, based in Turin.
It also holds 15 of SGS Societe Generale de Surveillance Holding SA and 9.66
percent of Italian bank Banca Leonardo.
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