Andrea Guerra (business manager)

Andrea Guerra

Andrea Guerra (born 26 May 1965) is an Italian business manager.

Andrea Guerra was CEO of Luxottica from 27 July 2004 to 31 August 2014.[1] Before he worked for ten years in Merloni Elettrodomestici, now Indesit Company, ultimately becoming managing director.

Early career and experience at Merloni Elettrodomestici

Guerra was born in Milan, and began his professional activity with Marriott Italia, where he rose to the office of marketing manager.[2] In 1994 he joined Merloni Elettrodomestici, where for six years he held responsible jobs in sales, production and central services. In 2000 he was appointed group's CEO,[3] replacing outgoing manager Francesco Caio which was at the end of his mandate, and thus became the Italian youngest CEO of a listed company. Under his guidance, Merloni Elettrodomestici increased sales each year and closed 2003 with €3,008 million, 21% more than the previous year.[4] In 2004 Andrea Guerra left this position to join Luxottica,[5] and his place at Merloni Elettrodomestici was taken over by general manager Marco Milani.[6] In addition to official recognition from Merloni Elettrodomestici for the results achieved during his tenure,[7] Andrea Guerra was included in the 2004 Financial Times list of "25 business stars".

The Luxottica period

Andrea Guerra joined Luxottica in 2004 as CEO, in place of Roberto Chemello, who had held that position since 1985.[8] Under Guerra's stewardship, the value of Luxottica's share price rose from €14 in 2003[9] to €40 in 2014, and company sales almost tripled, from €2.8 billion in 2003 to over €7 billion in 2013.[10] Andrea Guerra has left this position until 1 September 2014,[11] when Leonardo del Vecchio, Luxottica's owner announced his departure at the end of the board of directors term.[12] In recognition of his work at Luxottica, Guerra was named the second-best CEO in Italy in the 2014 Thomson Reuters classification, behind Mario Greco, Assicurazioni Generali's CEO.[13]

Other positions

Andrea Guerra is a member of the committee of Italian Strategic Fund (Fondo Strategico Italiano S.p.A.),[14] a member of boards of Amplifon S.p.A.[15] and Ariston Thermo S.p.A. , and a shareholder of online newspaper Linkiesta.[16] He also sits on the boards of directors of Bocconi university and Save the Children Italia Onlus.[17] Over the years he has held the position of director on the boards of Parmalat S.p.A., Banca Nazionale del Lavoro[18] and Dea Capital S.p.A.[19] In the February 2014, when Matteo Renzi's government was being formed, some Italian media suggested his possible involvement in the government team,[20] this possibility denied by Guerra himself.[21]

Education

Andrea Guerra graduated cum laude in business at the Sapienza University of Rome in 1989.

Private life

Andrea Guerra is married and has three children.

Notes

  1. ↑ Financial Times : Andrea Guerra leaves Luxottica with €45m package
  2. ↑ Andrea Guerra profile on Forbes
  3. ↑ Indesit press release: Andrea Guerra appointed new Chief Executive Officer
  4. ↑ Indesit Annual report 2003
  5. ↑ Prenewswire: Leonardo Del Vecchio to Recommend Appointment of Andrea Guerra as New Chief Executive Officer of Luxottica Group
  6. ↑ Indesit press release: Marco Milani appointed new CEO at Merloni Elettrodomestici
  7. ↑ Applicancemagazine.com – Merloni Elettrodomestici Appoints New CEO
  8. ↑ Roberto Chemello profile on Businessweek
  9. ↑ Luxottica Financial Report 2013
  10. ↑ Luxottica Annual Report 2013
  11. ↑ Bloomberg: Luxottica CEO Guerra Departs After Differences With Founder
  12. ↑ Reuters: Luxottica announces the implementation of a new governance structure based on a co-CEO model
  13. ↑ Thomson Reuters Extel Ranking
  14. ↑ Andrea Guerra Biography on FSI website
  15. ↑ Amplifon website – Members of the Board of Directors
  16. ↑ Linkiesta website: shareholders list
  17. ↑ Save The Children website – Governance
  18. ↑ BNL – Members of the Board of Directors
  19. ↑ Andrea Guerra biography on DeaCapital’s website
  20. ↑ Financial Times – Matteo Renzi set for mandate to lead Italy’s next government
  21. ↑ The Telegraph – Matteo Renzi still struggling to form Italian government

External links

Wikimedia Commons has media related to Andrea Guerra.


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