Francesco Merloni: An Italian Businessman and Former President of Indesit Company

Early Life and Education

Francesco Merloni was born in Fabriano, Italy, on December 10, 1925. He attended the University of Bologna, where he studied economics and business administration.

Business Career

After graduating, Merloni joined the family business, Indesit Company, which was founded by his father, Aristide Merloni, in 1930. Under his leadership, Indesit grew to become one of the leading manufacturers of home appliances in Europe.

Merloni was known for his innovative approach to business. He was the first Italian businessman to introduce the concept of the "planned economy," which involved setting long-term goals and developing strategies to achieve them.

Under his leadership, Indesit expanded its operations internationally, opening factories in several countries around the world. The company also acquired several other appliance manufacturers, including Hotpoint and Ariston.

Philanthropy and Social Responsibility

In addition to his business success, Merloni was also a noted philanthropist. He donated generously to various charitable causes, including education, healthcare, and the arts.

Merloni was also a strong advocate for social responsibility. He believed that businesses had a responsibility to give back to the communities in which they operate.

Awards and Recognition

Merloni received numerous awards and recognitions for his business accomplishments and philanthropy. He was awarded the Knight Grand Cross of the Order of Merit by the Italian Republic and the European Business Leader of the Year Award.

Legacy

Francesco Merloni died on June 16, 2016, at the age of 90. He left behind a legacy of business success, philanthropy, and social responsibility.

Merloni is remembered as one of the most successful Italian businessmen of his generation. He helped to build Indesit into one of the world's leading home appliance manufacturers and was a pioneer in the field of planned economy.