In this success post, we are going to share the story of Stefano Pessina, an Italian Monegasque billionaire and businessman. He is the executive vice-chairman and CEO of the company, Walgreens Boots Alliance.
His primary interest in business based on the pharmaceutical industry and drug stores. According to Forbes, Stefano is the 207th richest person with a total wealth of $10 billion.
Stefano Pessina Childhood
Stefano was born on the 4th June 1941 in Pescara, Italy. He spent his childhood years shuffling between the Como, Milan, and Naples. He attended the Polytechnic University of Milan, where he did his graduation in nuclear physics.
Stefano Pessina Early Career
In the year 1977, Stefano joined his family business of pharmaceuticals. He modified business structure and strategy bought other small pharmaceutical business and drug stores in the locality. Stefano Pessina renamed the company Alleanza Salute Italia.
By the year 1985, his company had become the nation’s biggest pharmaceutical seller. Stefano Pessina’s ambition was to head an international pharmaceutical group.
Pessina tapped some of the new markets in Southern Europe in 1988 and entered into the agreements, mergers, and partnerships with the local drug stores and wholesalers. He acquired the Alliance Sante in collaboration with some French Sellers in 1991. In just six years, Alliance Sante merged with the UniChem, a business based in the UK.
Stefano Pessina Personal Life
Stefano Pessina is separated from his wife, Barbara. They have two children. His son is a banker and works for one of his companies.
Pessina is interested in the opera and the arts. He likes playing tennis and believes that sailing and swimming keep him fit. When he is not building his business, he is on his yacht somewhere off Sardinia.
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