George Osborne takes on another job with wealthy Italian family
1 min read
George Osborne has added to his growing post-politics CV by taking on a role overseeing an Italian family business that owns Ferrari, Fiat and Juventus football club.
The former chancellor has been made chairman of a panel of advisers to Exor, the listed holding company of the Agnellis, one of the richest families in Italy.
As well as owning major stakes in stakes in Ferrari and Fiat Chrysler cars, the investment business is also the largest shareholder of the Economist magazine.
It is thought to be the eighth role the current editor of the Evening Standard has taken on since resigning as Chancellor in June 2016, in the wake of the Brexit referendum.
Other roles Mr Osborne currently holds include adviser to the BlackRock Investment Institute, which pays a £650,000 yearly salary, and chairman of Northern Powerhouse Partnership, an unpaid role promoting economic growth in the north of England.
Of his new role, Mr Osborne said: "I am delighted to have been asked to chair this impressive panel of business leaders. They bring a wealth of experience from different industries and geographies. I look forward to chairing discussions that I am sure will provide useful insights and ideas for EXOR and its companies.”
Exor's CEO John Elkann heaped praise on the former chancellor, saying: “I’m delighted that as chairman, George Osborne will bring his unique knowledge and viewpoint to the council’s work."
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