JOHN ELKANN Chairman Exor Italy
AXEL DUMAS Executive chairman Hermès France
Sixth-generation family member Axel Dumas took over as executive chairman in 2014 after spending eight years as an investment banker for Paribas, now BNP Paribas, and an 11 year grooming period at Hermès, starting as an auditor. Under Dumas, Hermès’ growth has outstripped that of its rivals—in 2017 sales increased by 9%, which has helped to send share prices rocketing. He has also increased the production of its renowned leather goods, turning the company into a $6.14 billion per year enterprise.
John Elkann is the fifth-generation heir of Italy’s billionaire Agnelli family—the founders of the Fiat automaker— handpicked by his grandfather Gianni Agnelli to lead the family business. He was parachuted onto the Fiat board at the age of 21 and took over just seven years later when Gianni died. He is now the chairman of $133 billion revenue Fiat Chrysler Automobiles, chairman and chief executive of $143.4 billion family holding company Exor, and was appointed chairman of Ferrari last year.
GIOVANNI
FERRERO Chief executive Ferrero Italy
JAMES
FERRAGAMO Vice chairman
Salvatore Ferragamo Italy
James Ferragamo is helping to lead his family’s company into its third-generation of global success, following his father, company chairman and president, Ferruccio, and his grandfather Salvatore, who founded the brand. He entered the business at the age of 27, currently serves as men’s and women’s leather product director and vice chairman, and is tipped to lead the family’s third generation. His sister Sole has founded SO-LE Studio, a self-funded start-up, which designs and crafts leather jewellery using off-cuts from the luxury industry.
Giovanni Ferrero became joint-chief executive of his family’s luxury chocolatier business along with his brother, Pietro, when they succeeded their father, Michele, in 1997. He became sole chief executive after his brother’s death in 2011. Since then, third-generation Giovanni has focused on expanding Ferrero through acquisitions. His biggest deals have included a $1.3 billion deal for US sweets makers Ferrara, Nestle’s candy business for $2.8 billion, and Kellogg’s brands for $1.3 billion. The company now generates over $12 billion in annual sales across more than 170 countries.
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