Stefano Pessina
| Stefano Pessina | |
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Stefano Pessina, 2010
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| Born | 4 June 1941 Pescara, Italy |
| Nationality | Monegasque |
| Alma mater | Polytechnic University of Milan |
| Occupation | Businessman |
| Years active | 1966–present |
| Net worth | US $13.7 billion (January 2017) |
| Title | Vice chairman and CEO, Walgreens Boots Alliance |
| Term | 2015 – present |
| Board member of | Walgreens Boots Alliance |
| Spouse(s) | Barbara Pessina (separated) |
| Partner(s) | Ornella Barra (life partner for over 30 years) |
| Children | 2 |
| Website | www |
Stefano Pessina (born June 4, 1941) is an Italian-born Monegasque billionaire businessman and the vice chairman, chief executive officer (CEO), and the single largest shareholder of Walgreens Boots Alliance.
Pessina was born in Pescara and grew up between Milan, Como and Naples.
He graduated from the Polytechnic University of Milan in nuclear engineering.
In 1977, he took over his family's pharmaceutical wholesaler in Naples and turned it into Alliance Santé, a Franco-Italian pharmaceutical wholesale group. In 1997, it merged with Alliance UniChem, and he joined its board of directors. From 2001 to 2004, he served as its CEO. He served as deputy chairman, and later as chairman.
Pessina was chairman of Alliance Boots from 2007 to 2014 and a director of Walgreens until August 2014. He is a director of Walgreens Boots Alliance. He is a director of the Consumer Goods Forum.
Pessina is divorced from his wife Barbara, and they have two children. He has been the partner of Ornella Barra, co-chief operating officer of Walgreens Boots Alliance, for over 30 years. As of February 2015, he is worth US$11.4 billion, owning around 15% of Walgreens Boots Alliance.
He has lived in Monte Carlo, Monaco, for many years. His son, a banker, works at Walgreens Boots Alliance.
In a 31 January 2015 interview for The Sunday Telegraph, Pessina commented on the prospect of Britain's Labour Party winning the UK general election in May 2015, "If they acted as they speak, it would be a catastrophe ... The problem is would they act that way or not? One thing is to threaten and to shout but it is completely different to be in charge and to manage the country day-to-day." He described Labour’s business policies as "not helpful for business, not helpful for the country and in the end it probably won’t be helpful for them". The Sunday Telegraph noted that Pessina "declined to elaborate on which specific policies he disliked".
On Sunday 1 February, Labour's shadow Business Secretary Chuka Umunna, responded in The Independent, "The British people and British businesses will draw their own conclusions when those who don’t live here, don’t pay tax in this country and lead firms that reportedly avoid making a fair contribution in what they pay purport to know what is in Britain’s best interest." On 2 February, in a live Q&A session with Sky News, the Labour Party leader Ed Miliband said, "The chairman of Boots lives in Monaco and doesn't pay British taxes ... I don't think people should take kindly to being told how to vote by someone who avoids paying his taxes."
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