Padoan Chosen as Italian Finance Minister as Renzi Names Team

Pier Carlo Padoan, chief economist at the Organization for Economic Cooperation and Development, was selected to be Italy’s finance minister as Prime Minister-designate Matteo Renzi named his government team.

Padoan, 64, was among the 16 ministers Renzi announced to reporters in Rome late yesterday. Half of the cabinet ministers are women, including 40-year-old lawmaker Federica Mogherini at the Foreign Ministry.