Chairman of the Board of Directors of Intesa Sanpaolo since April 2016 after having been Chairman of the Management Board of the Bank from May 2013.
He is currently the (non-executive and independent) Chairman of ASTM and the Senior Deputy Chairman of the Italian Banking Association (the ABI) where he is also serves as a member of the Executive Committee. He chairs the Committee of Market Operators and Investors at Consob and is a member of the Corporate Governance Committee of Borsa Italiana. He was an Independent Director of Fiat (2005-2014), where he was also Chairman of the Audit Committee, Chairman of Atlantia (2002–2010), Chairman of ENI (1999-2002) and of IRI (1997-1999), Senior Advisor for Italy for Société Générale Corporate & Investment Banking (2005-2009), and a member of the European Advisory Board of Rothschild & Cie Banque (2002-2005). At Luiss University, where he currently sits on the Board of Directors, he served as Head of the Department of Economics and Business from 2004 to 2011. Previously, he was a Full Professor of Business Economics, first at the University of Turin and then at Luiss University. From 1974 to 1995, he was the Director of the Institute for Economic Research on Firms and Growth, the main body of the CNR (the Italian National Research Council) in the field of economics.