Rocco Benetton

Rocco Benetton
Rocco Benetton
Born	29 September 1969; Treviso, Veneto, Italy
Alma mater	Boston University
Occupation	Mechanical engineer, hedge fund and private banking professional, F1 and business executive
Relatives	Luciano Benetton (father) ; Alessandro Benetton (brother) ; Giuliana Benetton (aunt); Carlo Benetton (uncle); Gilberto Benetton (uncle)

Rocco Benetton (born 29 September 1969) is the former chief executive of the Benetton Formula One team.

Personal background

He is the son of Luciano and Maria Teresa Benetton and a member of the Italian Benetton family which founded the Benetton Group S.p.A. clothing company in 1965. After studying Mechanical Engineering in the United States at Boston University, he moved to New York City where he worked in hedge funds for Oppenheimer & Co. and Alpha Investment Management. At the latter, he served as Managing Director.

Career in F1

In September 1997, he returned to Europe to take a position in the Benetton Formula One team following the departure of chief executive Flavio Briatore. Rocco started out as commercial director, working alongside chief executive David Richards. Richards tried to convince the family that it was necessary to sell some of the shares in the team to the Ford Motor Company, in order to get a factory engine supply. The Benettons did not agree to this and Richards departed in October 1998 and Rocco was appointed chief executive, the youngest in F1 at the time. He disappeared from F1 when the team was sold to Renault at the start of 2000.[1]

After F1

He then moved back to Treviso where he founded the Companies Zero Rh+ and Oot Group. In 2003 he also joined the board of Banca del Gottardo Italia and acquired a 4% stake in the company.[2]

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References

"Rocco Benetton Biography". Grandprix.com.
"Banca del Gottardo Italia: Rocco Benetton acquires a stake in the equity capital. The shareholders' meeting votes to double equity capital". Na Presseportal. Retrieved September 17, 2003.

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[gp-1] "Rocco Benetton Biography". Grandprix.com.

[manager-2] "Banca del Gottardo Italia: Rocco Benetton acquires a stake in the equity capital. The shareholders' meeting votes to double equity capital". Na Presseportal. Retrieved September 17, 2003.