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Confindustria Names Mapei's Giorgio Squinzi as New Chief

Confindustria, Italy’s employers’ association, named Mapei SpA Chief Executive Officer Giorgio Squinzi as its new president.

Squinzi will succeed Emma Marcegaglia, whose term ends in May. Confindustria represents almost 150,000 Italian companies with more than 5.5 million workers.

Marcegaglia, 46, has spent the past two months negotiating with Labor Minister Elsa Fornero and union leaders an overhaul of the country’s labor market that will extend jobless benefits, limit the use of part-time contracts and make it easier for companies to fire workers.

Squinzi, 68, who has a degree in industrial chemistry, has run his family’s chemical company since 1984. He also serves as president of the European Chemical Industry Council.

Mapei is one of the world’s biggest producers of adhesives and chemical products used in construction. The company has 59 production plants in 27 countries, according to its website.

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