John Elkann

DEFINITION of 'John Elkann'

The chairman of Italian automaker Fiat. As a member of the powerful Agnelli family, which controlled Fiat, Elkann was groomed for the business, which prepared him to take on important roles in the company at a young age after the premature deaths of his grandfather Gianni Agnelli and Agnelli's son and brother. At the time Elkann attained the position of vice chairman, Fiat was suffering from its vehicles' poor reputation for reliability. Elkann worked closely with management and turned the company around.

BREAKING DOWN 'John Elkann'

Born in 1976 in New York City, Elkann earned his bachelor of science degree in industrial engineering and management from Turin Polytechnic in 2001. He first worked at Fiat in 1994 as an intern and earned promotions to increasingly responsible positions. He became a board member of Fiat in 1997, vice chairman in 2004 and chairman in 2010, when Luca Cordero di Montezemolo stepped down.



RELATED TERMS
  1. Umberto Agnelli

    A former chairman and CEO of Italian automaker Fiat and formerly ...
  2. Giuseppe Morchio

    An Italian executive who became CEO of Italian automaker Fiat ...
  3. Fiat Money

    Currency that a government has declared to be legal tender, but ...
  4. Lawful Money

    Any form of currency issued by the United States Treasury and ...
  5. Herbert Demel

    A CEO who has served in numerous high-level executive positions, ...
  6. Chairman

    An executive elected by a company's board of directors that is ...
Related Articles
  1. Markets

    Now, Get Paid To Hack Fiat Chrysler Automobile Systems (FCAU)

    Amid increasing security threats, Fiat joins the list of firms offering cash bounty for reporting security issues.
  2. Markets

    What is Fiat Money?

    Fiat money is currency that a government has declared to be legal tender, but is not backed by a physical commodity.
  3. Markets

    U.S. Probe sFiat Chrysler for Sales Fraud (FCAU)

    The U.S. Justice Department and the SEC are probing Fiat Chrysler on claims that it used financial incentives to reward dealers for falsified car sales data.
  4. Trading

    The Gold Standard Versus Fiat Currency

    What do "gold standard" and "fiat system" mean for currencies and economies? Investopedia explores the history of the gold standard and the rise of fiat.
  5. Markets

    What are the Federal Reserve Chairman's responsibilities?

    Learn about the duties and responsibilities of the chairman of the Federal Reserve Board, including testifying before Congress and as chair of the FOMC.
  6. Markets

    Fiat, GM and Ford Benefit From Canada Sales (FCAU, GM)

    The Detroit automakers benefited from increased Canadians sales, and analysts predict that the remainder of 2016 can prove a blockbuster year for auto giants.
  7. Personal Finance

    The Best Sports Car for Investors (FCAU, VLKAY)

    Ferrari, perhaps the best known sports car brand in the world, filed to IPO this week, issuing common shares to investors for the first time.
  8. Managing Wealth

    Top 5 Positions in Mohnish Pabrai's Portfolio (FCAU, MS)

    Learn about Mohnish Pabrai and the types of funds and philanthropies he runs. Discover the top five positions in his hedge funds.
  9. Investing

    Ford Vs. Dodge: Comparing Under the Hood (F, FCAU)

    Explore the recent financial performance of Ford Motor Company and Dodge's parent company, Fiat Chrysler, comparing growth, profits, efficiency and outlook.
  10. Trading

    How Gold Affects Currencies

    There is a strong correlation between gold's value and the strength of currencies trading on foreign exchanges.
RELATED FAQS
  1. Is fiat money more prone to inflation than commodity money?

    Learn more about commodity and fiat money and some of the differences between them. Find out when the U.S. abolished the ... Read Answer >>
  2. Is all paper money fiat money?

    Learn how the United States has converted from a gold-backed money system to a fiat one. Learn what is considered fiat money ... Read Answer >>
  3. What is the difference between fiat money and representative money?

    Learn the main differences between fiat money and representative money. Differences include actual physical currency and ... Read Answer >>
  4. What is the difference between fiat money and legal tender?

    Learn more about fiat currency and legal tender. Find out how these terms are used by economists to describe different types ... Read Answer >>
  5. Is credit a form of fiat money?

    Discover what fiat money is, learn how it developed historically into its use in most modern economies, and explore its relationship ... Read Answer >>
  6. Where is the best place for my 22 year old son to start investing his savings in ...

    My young son is saving faithfully and has amassed a few thousand dollars and continues to save at leas... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center