Elio Leoni Sceti

Last updated
Elio Leoni Sceti
Elio Leoni Sceti.jpg
Born1966, Rome
NationalityItalian
Alma materLuiss University
OccupationBusinessman, investor
Board member of
Website www.lsgholdings.com

Elio Leoni Sceti is an Italian businessman and an investor in early-stage companies. He is co-founder of The Craftory, an investment group for challenger brands in the consumer products space. He is chairman of LSG Holdings and a non-executive board member of beverage and brewing multinational Anheuser-Busch InBev. He is a former CEO of Iglo Group and former director of Nomad Foods. He is also a current board member of Barry Callebaut, Room to Read and One Young World.

Contents

Early life and education

Born in Rome in 1966, Leoni Sceti went to school in Lausanne, Switzerland before returning to Rome to study economics at Luiss University. After graduating, he completed a postgraduate course in corporate law and tax, finishing top of his class. [1] [2] [3]

Procter & Gamble and Reckitt Benckiser

In 1988, he joined Procter & Gamble's French and Italian business as one of its youngest ever brand managers. [1] [4] In 1992, he moved to Reckitt Benckiser as a category manager before becoming global head of category development and innovation in 2001. [1] [5] From 2005 to 2008 he was head of the company’s European division, during which time he developed new variants in Reckitt’s product range, working with brands such as Cillit Bang, Calgon, Finish and Airwick. [6] [4] In total he worked for 16 years at Reckitt Benckiser, in six different countries. [7]

EMI

In July 2008, Leoni Sceti became the CEO of EMI’s recorded music division. [8] He returned the division to operational growth before leaving in 2010 to invest in early-stage technology companies, including social TV startup Beamly, of which he became chairman. [9] [2]

Iglo

Leoni Sceti is a former CEO of European frozen food company Iglo Group. [10] While CEO he refocused the group's marketing strategy to include educational campaigns about the benefits of frozen food and its role in reducing food waste. [11] In May 2015 he oversaw the sale of Iglo to Nomad Foods, stepping down as CEO to become a director of Nomad, before stepping down from Nomad in May 2016. [12] [13]

The Craftory

In May 2018 Leoni Sceti co-founded The Craftory, an investment house for consumer product challenger brands. [14] The Craftory invests in owner-operated companies with annual revenues of more than $10m, in sectors including beauty, health, food, beverages and household products. It is the first investment group to focus on growing challenger brands across the consumer packaged goods space. [14] [15]

Leoni Sceti and co-founder Ernesto Schmitt launched The Craftory with $300m in investment capital, including $60m from Spice Private Equity. [16]

Other positions

Elio Leoni Sceti has been a non-executive board member of beverage and brewing multinational Anheuser-Busch InBev since April 2014. [2] In December 2017 he became a board member of the chocolate and cocoa manufacturer Barry Callebaut. [17] He is co-founder and chairman of The Leoni Sceti Group, a UK-based firm with interests in real estate, private equity and venture capital. [18]

Leoni Sceti is a councilor and director at the non-profit organisation One Young World and a board member at Room to Read, a non-profit organization for improving literacy and gender equality in education in the developing world. [19] [2] [20]

Personal life

He is married with four children. [9] In a Times interview in January 2014, he gave his motto as ‘ per aspera ad astra et semper ad majora’, (‘through adversity to the stars and on to better things’). [21]

Related Research Articles

Iglo

Iglo is a frozen food brand based in the United Kingdom, with products sold across the European continent. It is owned by Nomad Foods Europe, which also owns the rights to the Birds Eye brand in the United Kingdom and Ireland, and Findus across Europe.

<span class="mw-page-title-main">Reckitt</span> British multinational consumer goods company

Reckitt Benckiser Group plc, trading as Reckitt, is an Anglo-Dutch multinational consumer goods company headquartered in Slough, England. It is a producer of health, hygiene and nutrition products. The company was formed in March 1999 by the merger of British company Reckitt & Colman plc and Dutch company Benckiser N.V.

<span class="mw-page-title-main">Findus</span> Frozen food brand

Findus is a frozen food brand which was first sold in Sweden in 1945. Findus products include ready meals, peas and Crispy Pancakes, the latter of which were invented in the early 1970s.

Christopher A. Sinclair American businessman (born 1950)

Christopher A. Sinclair is an American businessman. He is the chairman of Reckitt, the consumer health and household products company. He is the former chairman and CEO of Mattel, the toy company. Previously, he was chairman and CEO of Pepsi-Cola, the beverage company.

Noam Gottesman American businessman

Noam Gottesman is a New York City-based, British-American businessman, former hedge fund manager, and co-founder of GLG Partners. He later entered the restaurant industry, investing in establishments including Eleven Madison Park in New York City. He is also the CEO of TOMS Capital. Gottesman has dual citizenship in the US and UK, and was listed on the 2020 Forbes 400 list of richest people in the United States, with a net worth of $2.4 billion.

Mead Johnson & Company, LLC is an American company that is a leading manufacturer of infant formula, both domestically and globally, with its flagship product Enfamil. It operates as an independent subsidiary of Reckitt.

Lambertus Johannes Hermanus "Bart" Becht is a Dutch businessman. An executive with more than 35 years of business experience working with consumer brands, Becht is the former Chief Executive Officer of Reckitt, which he led from 1995 to 2011 and former Partner at JAB Holding Company, which he joined in 2012. Becht announced his retirement from JAB in 2019.

Dr. Scholls Footwear and foot care brand

Dr. Scholl's is a footwear and orthopedic foot care brand originating in the United States, marketed in some countries as simply Scholl. Since 2021, global rights to the brand have been owned by investment firm Yellow Wood Partners through subsidiary Scholl's Wellness Company, having the purchased the North American rights from Bayer in North America in 2019, and the international rights from Reckitt in 2021.

Nicandro Durante is a Brazilian businessman who served as the chief executive officer (CEO) of British American Tobacco (BAT), the world's largest tobacco company by sales, from 2011 to 2019. In September 2022 he was appointed as temporary CEO of Reckitt Benckiser.

Rakesh Kapoor is an Indian businessman. He was, until September 2019, chief executive (CEO) of Reckitt plc, a UK FTSE-listed multinational consumer goods company, a major producer of health, hygiene and home products.

Javed Ahmed is a Pakistani American businessman. He was the chief executive (CEO) of Tate & Lyle plc from 2009 to 2018.

JAB Holding Company is a German conglomerate, headquartered in Luxembourg, that includes investments in companies operating in the areas of consumer goods, forestry, coffee, luxury fashion, animal health, and fast food, among others.

James E. Lillie is an American business executive. He currently serves as Vice Chairman of Mariposa Capital, a private family office. Since 2017, he has been a member of the Board of Directors of Tiffany & Co., and he was named Co-Chairman of APi Group, Inc. in 2019. He served as CEO of Jarden Corp. from 2011 until its 2015 sale to Newell Brands. Lillie is long-term business partners with Martin E. Franklin and Ian G. H. Ashken. He has been a frequent guest and guest host on CNBC and Bloomberg TV.

Indivior is a specialty pharmaceuticals business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Nomad Foods is an American-British frozen foods company, with its headquarters in the United Kingdom. The company's jurisdiction of incorporation is the British Virgin Islands. In 2015, Nomad acquired the Iglo Group. Five countries – the UK, Italy, Germany, France and Sweden – accounted for a combined 75% of its total sales in 2016.

Sir Martin Ellis Franklin, KGCN is a British American, Miami-based business executive. He is the founder and chairman of Element Solutions Inc.; co-founder and co-chairman of Nomad Foods Limited, and co-founder and former chairman of Jarden Corporation, which was sold to Newell Brands in 2016. Franklin is also the founder and CEO of Mariposa Capital, a Miami-based family investment firm; a director of Restaurant Brands International Inc.; chairman and controlling shareholder of Royal Oak Enterprises, LLC, and is a principal and executive officer of several other private investment entities.

<span class="mw-page-title-main">Ernesto Schmitt</span> American-born entrepreneur

Ernesto Gottfried Schmitt is an American-born entrepreneur and investor of German-Uruguayan descent. He is co-founder of The Craftory, a $600m venture capital fund for cause-driven challenger brands in the consumer goods space.

Dominic William Blakemore, is a British businessman, the chief executive (CEO) of Compass Group. Originally due to take up the post on 1 April 2018, the appointment was brought forward following the death of the CEO Richard Cousins in a plane crash in Australia on 31 December 2017.

The Craftory

The Craftory is a British-American venture capital fund headquartered in Piccadilly, London, and also based in San Francisco. Launched in early 2018 by Ernesto Schmitt and Elio Leoni Sceti as an alternative to traditional venture capital, it focuses on cause-driven investment in the consumer goods sector, investing in companies that positively impact the categories they serve. As of 2022, The Craftory has more than $600 million in permanent, early stage and growth capital to back 'challenger brands'. The company is the first UK based B Corp fund, and in 2020 Forbes characterised the company as investing in companies 'disrupting the planet for good'.

Laxman Narasimhan is an Indian-American business executive who was chief commercial officer (CCO) of PepsiCo, and chief executive officer (CEO) of Reckitt. He is expected to become the next CEO of Starbucks in October 2022, succeeding interim appointee Howard Schultz.

References

  1. 1 2 3 Blackhurst, Chris (1 March 2010). "The MT Interview: Elio Leoni-Sceti Of EMI Music". Management Today. Retrieved 21 July 2014.
  2. 1 2 3 4 "Elio Leoni Sceti". Bloomberg Businessweek. Bloomberg. Retrieved 21 July 2014.
  3. ↑ Goodman, Matthew (27 April 2014). "Is this the fish fingers boss who'll bring back Captain Birds Eye?". Sunday Times. Archived from the original on April 27, 2014. Retrieved 21 July 2014.
  4. 1 2 Bowers, Simon (28 June 2008). "EMI sounds out rising Reckitt star for top job". The Guardian. Retrieved 21 July 2014.
  5. ↑ Yeomans, Jon (15 May 2013). "Iglo Group names Elio Leoni Sceti as CEO". The Grocer. Retrieved 21 July 2014.
  6. ↑ "EMI Names Elio Leoni-Sceti as Chief Executive Of Recorded Music". Bloomberg. 7 July 2008. Retrieved 21 July 2014.
  7. ↑ Curiat, Andrea (20 May 2013). "La nomina – Elio Leoni Sceti, nuovo a.d. di Iglo Group (surgelati) : "Ho sviluppato brand di successo in settori diversi: sono innamorato della crescita"" [The appointment – Elio Leoni Sceti, the new CEO of Iglo Group: "I have developed successful brands in different sectors: they are in love with growth"]. JOB 24 (in Italian). Retrieved 21 July 2014.
  8. ↑ Ruddick, Graham (7 July 2008). "EMI names Reckitt executive Leoni-Sceti as head of recorded music division". Telegraph. Retrieved 21 July 2014.
  9. 1 2 Hipwell, Deirdre (16 May 2013). "Business big shot: Elio Leoni Sceti of Iglo Group". The Times. Retrieved 21 July 2014.
  10. ↑ Daneshkhu, Scheherazade (17 November 2013). "Iglo targets budget-minded in growth plan". Financial Times. Retrieved 21 July 2014.
  11. ↑ Ramsden, Neil (29 April 2014). "Iglo targets greater 'share of plate' with brand refocusing". Undercurrent News. Retrieved 21 July 2014.
  12. ↑ Fontanella-Khan, James (20 April 2015). "Nomad Foods to buy Birds Eye owner Iglo for €2.6bn". Financial Times . Retrieved 5 August 2015.
  13. ↑ MacLeod, Ishbel (14 January 2010). "Iglo Group appoints Luca Miggiano CMO, Jerry Daykin as head of digital marketing and Havas Media as the company looks to double business". The Drum. Retrieved 21 July 2014.
  14. 1 2 "The Craftory looks to back upstarts in fight against consumer giants". FT.com. The Financial Times Group Ltd. Retrieved 23 May 2018.
  15. ↑ White, Lucy (14 May 2018). "New 'hipster' investment firm The Craftory is ploughing $300m into consumer brands challenging conglomerate giants". CityAm.com.
  16. ↑ Farman, Madeleine (2018-05-15). "Spice commits $60m to new investment house The Craftory – Real Deals". Real Deals. Retrieved 2018-05-23.
  17. ↑ "Elio Leoni Sceti: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2018-05-29.
  18. ↑ "The Leoni Sceti Group". Bloomberg Businessweek. Bloomberg. Retrieved 21 July 2014.
  19. ↑ "Leadership & Board" . Retrieved 2018-05-29.
  20. ↑ "Coty Acquires Content Agency Beamly". 19 October 2015.
  21. ↑ Clark, Andrew (25 January 2014). "Birds Eye puts foods scandal behind it to concentrate on passing the taste test". The Times. Retrieved 21 July 2014.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.