Marco Piccinini
Monegasque sport personality, businessman, and politician.
Marco Piccinini (born 2 July 1952 in Rome) is a Monegasque sport personality, businessman, and politician. His career spans Formula 1 team management, high-level Monegasque government finance posts, and board seats at major corporations. He was appointed by Enzo Ferrari himself in 1977 as his Formula 1 representative, later becoming Ferrari's Motor Sport Director and a key architect of the Concorde Agreement that governs the Formula 1 World Championship. He also served as Deputy President of the FIA and as Monaco's Minister of Finance and Economy.
Quick Facts
- Office
- Counsellor of Finance and Economy
- Monarch
- Albert II
- Took office
- September 2023
- Left office
- 18 March 2024
- Predecessor
- Jean Castellini
- Successor
- Pierre-André Chiappori
- Born
- 2 July 1952
Facts from the source article.
Personal
Piccinini's father Arnaldo was a pioneer in the Italian electronic industry. In the 1950s he founded an industrial group which included innovative brands such as VOXSON (TV, car radios, hi-fi etc.) and VIDEOCOLOR (color TV picture tubes and other hi-tech electronic components). At the end of the 1960s, due to Arnaldo's declining health, the family disposed of their interests in the various industrial activities and decided to move to Monaco where, after his father's death, Marco focused on his two main interests – finance and motor racing. Marco studied architecture in Rome, where he also began his involvement in motor racing by cooperating with a Formula 3 constructor and racing team De Sanctis. He also received training in the Techniques of International Negotiations at the Graduate Institute of International Studies in Geneva. In 1997 he married Marie-Ahlem and they have a daughter.
Institutional
From March 2024 to current, Piccinini serves as Ambassador of Monaco for International Financial Negotiations. He was Counsellor of Government, Minister of Finance and Economy of Monaco from September 2023 to March 2024, and previously held that same post in 2011-2012. In that earlier term, he focused on restoring a balanced budget (generating a cash surplus in 2012), introducing new legislation for compliance with OECD Global Tax Forum and Moneyval anti-money laundering standards, and reducing the risk profile of the Monaco National Reserve Fund while preserving its profitability. From 2017 to September 2023 he was Senior Advisor to the Minister of State of Monaco. In 2010, he served as Ambassador of Monaco to China and India.
Sport
In 1974 Piccinini co-founded the first Monegasque racing car manufacturer — Société Monégasque de Constructions Automobiles MP — which produced a few Formula 3 single seaters. In 1977 he was appointed by Enzo Ferrari as his representative for Formula 1 matters and shortly afterward appointed as the Direttore Sportivo of the Ferrari Team. From 1978 to 1988, he was Motor Sport Director of Ferrari and Team Principal of the Formula 1 Team. In this capacity he was one of the architects of the Concorde Agreement, the charter governing regulatory as well as financial aspects of the Formula 1 World Championship. From 1983 until 2016, he was a Member of the Board of Directors of Ferrari SpA. He was President of CSAI (the Italian Motor Sport commission) in 1993-1994, and was elected in 1994 as a Vice President of FIA. From 1997 to 2000, he was Executive Deputy Chairman and Challenge Representative of the PRADA Team during the America's Cup XXX (Auckland 2000); Luna Rossa won the Louis Vuitton Cup and became the finalist against Team New Zealand. He was Deputy CEO of FOA and FOM (Formula One Management) in 1998-99. From 1998 to 2008 he was Deputy President of FIA, chaired the World Motor Sport Council, and was serving out his third term as Deputy President but left his post a year early to focus on other professional commitments.
Finance
Piccinini held board positions at several financial institutions: Société de Crédit et de Banque de Monaco (Socrédit) from 1975 to 1989; Société d'Etudes de Participations et de Courtages (SEPAC) from 1978 to 2010; Crédit Mobilier de Monaco (CMM) from 1981 to 2010; Compagnie Monégasque de Banque from 2006 to 2010; and Finter Bank Zurich from 1989 until 2015. He served on the board of SBM (Société des Bains de Mer à Monaco) from 1998 until 2009, also serving as chairman of the Human Resources Committee of the Board. He was a board member of Poltrona Frau SpA from 2006 until 2010, Charme Capital Partners SGR from 2007 until 2016, Italcementi SpA from 1992 until 2013, and Church's Shoes Ltd from 2006 until 2014.
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