Report on corporate governance and ownership 2011 - Indesit


<strong>Report</strong> on corporate governance and ownership at 21 March 2012 on 2011 – Annex
Paolo De Cesare
He started his career in 1983 in the Laundry products marketing Department of Procter and Gamble
Italy. In his 24-year career in Procter & Gamble he worked in Brussels, London and Kobe (Japan) before
moving to Geneva in 2002 as President Global Prestige Beauty and Personal Care. He was responsible
for Profit and Loss, Innovation, Manufacturing, and Marketing of one of Procter & Gamble’s fastest
growing and most dynamic businesses, with global sales of US$3-4 billion. He oversaw 2000 managers,
5 manufacturing sites and 4 major research centers. Key brands managed were Olaz, Max Factor, SKII,
Safeguard, Camay, and the fine fragrances portfolio with Hugo Boss, Lacoste, Gucci, Escada. In this
capacity he became a member of the Global Executive Committee including the top 40 managers of
the company and was involved in the acquisition and integration of Wella and Gillette Company.
He has been chairman and CEO for Printemps Department stores, Paris, since 2007. In this position he
is leading the Luxury Department store chain in France, with sales of over E1 billion, 4,000 employees
and 17 stores across France. The company was acquired in 2007 by a private equity group including
REEF Fund (Deutsche Bank) and the Borletti Group. As the first CEO appointed by the new shareholder,
he is in charge of the complete repositioning of the department store chain with an investment
budget of E280 million over 5 years. Printemps’ flagship store has been revamped to become one of
the most iconic department stores in the world, with a renovated Luxury area featuring the best luxury
brands like Cartier, Chanel, Bulgari, Dior, Gucci, Louis Vuitton, Hermès, Yves St Laurent, Prada, Tiffany,
etc.
Company
Printemps Group
Posts held
CEO and General Manager
Mario Greco
Born in 1959, he graduated in Economics from the University of Rome in 1983, and completed a Master
in International Economics and Monetary Theory at Rochester University, New York (USA), in 1986.
He is a member of the Group Executive Committee and Chief Executive Officer of General Insurance of
Zürich Financial Services Ltd (Zurich). He joined Zurich in October 2007.
He started his professional career in management consulting, working with McKinsey & Company’s
Milan office from 1986 until 1994 becoming a partner in 1992 and leader partner in the insurance
segment. In 1995, he joined Ras (Allianz Group) in Milan as head of the Claims Division. In 2000, he
became the company’s chief executive officer. He was appointed head of Allianz’s Life Sustainability
business in Munich in 2004, and later that year he was appointed to Allianz AG’s executive board, with
responsibility for France, Italy, Spain, Portugal, Greece and Turkey. In April 2005, he joined the Sanpaolo
IMI Group in Milan as the CEO of EurizonVita. In October 2005, he was appointed Chief Executive
Officer of EFG (Eurizon Financial Group), the company holding the Sanpaolo IMI Group’s investments in
Eurizon Vita and Banca Fideuram, and Eurizon Capital Sgr.
Company
General Insurance Zurich Financial Services
Gruppo Editoriale L’Espresso S.p.A.
Saras S.p.A.
Posts held
CEO
Director
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