Biography:Franco Reviglio

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Short description: Italian academic and politician (1935–2025)
Franco Reviglio
Born(1935-02-03)3 February 1935
Turin, Italy
Died23 October 2025(2025-10-23) (aged 90)
Turin, Italy
NationalityItalian
Alma materUniversity of Turin
OfficeMinister of Finance
PredecessorGiovanni Goria
SuccessorGiuliano Amato (acting)
Political partyItalian Socialist Party

Franco Reviglio (3 February 1935 – 23 October 2025) was an Italian academic, businessman and socialist politician, who served in various capacities in the public administration of Italy.

A member of the Italian Socialist Party, Reviglio served as the Italian minister of finance from 1979 to 1981 and again for a brief period in 1993. He also served as minister of budget from 1992 to 1993, and as a member of the Italian senate for Piedmont from 1992 to 1994.

At various points, Reviglio also worked as a professor at University of Turin, as the president of the major Italian energy company ENI, and as an advisor to the investment banks Lehman Brothers and Wasserstein Perella & Co., among other positions.

Early life and education

Reviglio was born in Turin on 3 February 1935.[1][2][3] He was also educated in Turin.[4] He earned his Bachelor of Law degree from the University of Turin.[1] His undergraduate thesis was about improving efficiency in state-owned companies.[4]

Career

Reviglio worked as a professor of public finance at the University of Turin.[4] He was a member of the Socialist Party and served as the minister of finance from 4 August 1979 to 28 June 1981 in the first and second cabinets led by Prime Minister Francesco Cossiga, as well as the succeeding Forlani Cabinet.[5] After working at the University of Turin for two more years he left his job in 1983 and became the president of the Italian energy firm Ente Nazionale Idrocarburi, which is commonly known as ENI.[6][7] He was appointed to the post in order to reorganize and improve the firm.[8] He achieved these goals in large degree.[8] In fact, ENI witnessed one of its most successful periods when he led the firm.[9] He supported privatization as a means of reorganizing asset portfolios and investment strategies.[10] Reviglio's tenure at the firm ended in November 1989, and Umberto Colombo succeeded him in the post.[11][12]

On 5 June 1990, Reviglio joined as a senior advisor to Wasserstein Perella & Co.'s team in regard to its European operations and held the post until 1992.[7][13] In 1992, he was appointed budget minister in the cabinet led by Prime Minister Giuliano Amato.[14][15] His tenure lasted until February 1993, and he was replaced by Beniamino Andreatta as budget minister.[14] Reviglio was appointed finance minister in a cabinet reshuffle on 21 February 1993.[16] He succeeded Giovanni Goria in the post.[14] Reviglio resigned from office on 30 March 1993 due to his alleged involvement in a bribery scandal.[17] He also served as a member of municipal council of Turin and as a senator (1992–1994).[18]

After leaving office and politics, Reviglio returned to his teaching post at the University of Turin.[19] He also assumed the role of senior advisor to Lehman Brothers from 2002 to 2007.[20] He was the president and CEO of Azienda Energetica Metropolitana Torino SpA (Turin Energy Company; 2000–2006) as well as the president of NNOICOM, TLC company.[18][19]

Death

Reviglio died at his home town, Turin, on 23 October 2025, at the age of 90.[1][21]

References

  1. ↑ 1.0 1.1 1.2 "È morto Franco Reviglio, economista, ex ministro ed ex Presidente Eni: il ricordo di Franco Bernabè". First Online. 23 October 2025. https://www.firstonline.info/e-morto-franco-reviglio-economista-ex-ministro-ed-ex-presidente-eni-il-ricordo-di-franco-bernabe/. 
  2. ↑ Elenco dei senatori della ... legislatura. Il Senato. 1993. https://books.google.com/books?id=utpDAQAAIAAJ. 
  3. ↑ "Scheda di attività di Franco Reviglio - XI Legislatura". http://www.senato.it/leg/11/BGT/Schede/Attsen/00002017.htm. 
  4. ↑ 4.0 4.1 4.2 Richard I. Kirkland Jr. (3 August 1987). "Biggest bosses. 20". Fortune Magazine. https://money.cnn.com/magazines/fortune/fortune_archive/1987/08/03/69369/index.htm. 
  5. ↑ "Franco Reviglio". Chamber of Deputies. https://storia.camera.it/deputato/franco-reviglio/governi#nav. 
  6. ↑ William D. Montalbano (31 March 1993). "5th Cabinet Member Quits in Italy". Los Angeles Times. https://www.latimes.com/archives/la-xpm-1993-03-31-mn-17219-story.html. 
  7. ↑ 7.0 7.1 "Wasserstein Names Adviser". The New York Times. 7 June 1990. https://www.nytimes.com/1990/06/07/business/wasserstein-names-adviser.html. 
  8. ↑ 8.0 8.1 Business, the state and economic policy. London: Routledge. 2004. p. 47. ISBN 978-0-415-04722-7. https://books.google.com/books?id=gcGIYCJRawoC&pg=PA47. 
  9. ↑ Paul Ginsborg (2003). A History of Contemporary Italy: Society and Politics, 1943-1988. London; New York: Palgrave Macmillan. p. 408. ISBN 978-1-4039-6153-2. https://archive.org/details/historyofcontemp0000gins/page/408/mode/2up?q=Reviglio. 
  10. ↑ The Politics of Privatisation in Western Europe. London; Totowa, NY: F. Cass. 1989. p. 6. ISBN 978-0-203-98923-4. https://books.google.com/books?id=e7miKwzjQRUC&pg=PA6. 
  11. ↑ "Can a pumped-up ENI get into fighting trim?". Bloomberg. 26 May 1991. http://www.businessweek.com/stories/1991-05-26/can-a-pumped-up-eni-get-into-fighting-trim. 
  12. ↑ Cuando el mercado se estremece: el reto directivo de la reestructuración de la industria. New Delhi: Harvard Business Press. 1986. p. 155. ISBN 978-0-87584-136-6. https://books.google.com/books?id=m_NjfG-dpyEC&pg=PA155. 
  13. ↑ "Wasserstein Perella: The Rise And Fall And Rise?". Bloomberg. 4 August 1991. http://www.businessweek.com/stories/1991-08-04/wasserstein-perella-the-rise-and-fall-and-rise. 
  14. ↑ 14.0 14.1 14.2 William D. Montalbano (22 February 1993). "Italian Leader Patches Holes in Cabinet". Los Angeles Times. https://www.latimes.com/archives/la-xpm-1993-02-22-mn-456-story.html. 
  15. ↑ Mary Beth Sheridan (28 June 1998). "Amato patches together Italy's 51st postwar government". Associated Press News. https://apnews.com/af39c67a26deb09c38b2ee0d105c9063. 
  16. ↑ Alan Cowell (22 February 1993). "Italian Chief Replaces 3 Ministers Who Resigned in Bribery Scandal". The New York Times. https://www.nytimes.com/1993/02/22/world/italian-chief-replaces-3-ministers-who-resigned-in-bribery-scandal.html. 
  17. ↑ Alan Cowell (31 March 1993). "Italian Scandal Widens; Another Minister Quits Under Cloud". The New York Times. https://www.nytimes.com/1993/03/31/world/italian-scandal-widens-another-minister-quits-under-cloud.html. 
  18. ↑ 18.0 18.1 "Lehman Brothers appoints Franco Reviglio as Senior Advisor". PR Newswire. http://www.prnewswire.co.uk/news-releases/lehman-brothers-appoints-franco-reviglio-as-senior-advisor-154346295.html. 
  19. ↑ 19.0 19.1 "Groups". UN. http://unpan1.un.org/intradoc/groups/public/documents/un/unpan001594~7.pdf. 
  20. ↑ Martin Arnold (4 June 2007). "Former French finance chief joins Lehman advisory board". Financial Times (London). http://www.ft.com/intl/cms/s/0/a8a352bc-1237-11dc-b963-000b5df10621.html#axzz2RPFzFIIq. 
  21. ↑ adnkronos (23 October 2025). "Former minister Franco Reviglio, father of the fiscal receipt, dies: he was 90 years old". Jiji Press. https://jen.jiji.com/jc/eng_agt?g=adnkronos&k=20251024KRONOS-202510112356695923_eng. 



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