Developing entrepreneurship in the next generation (NxG)

Friday, October 11th
14:00 - 15:15
Rio de Janeiro III room

SOL Group, Italy
Aldo Fumagalli Romario, Chief Executive Officer (3rd generation)
Elena Fumagalli Romario (4th generation)

The SOL Group, founded in 1927 and listed on the Milan Stock Exchange, expanded rapidly from the 1960s to become the seventh largest player in Europe in the market for technical gases, including those produced by separating air. For 10 years, the current family leadership has promoted growth and profitability by building on core capabilities and formulating a family and corporate strategy for internationalization in Central and Eastern Europe as well as diversification into related areas such as home healthcare. The SOL Group has over 555 million euros of revenue, more than 2,200 employees and more than 40,000 customers.

Two entrepreneurs founded the SOL Group with equal shares. That balance of power is still in place today. Multiple branches of the two family lines continue to share control. Aldo and his family are striving to tackle challenges such as preserving unity, grooming the next generation, and maintaining an entrepreneurial spirit over generations. From the experience of Aldo and his daughter Elena we will learn about:

- The specific challenges in managing a multigenerational and listed family business
- The key ingredients of entrepreneurship and why they are important for family businesses
- Developing entrepreneurial spirit in the next generation
- Ways in which a senior generation can work together with the next generation to develop the competencies to thrive over generations

SOL Group, Italy