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Paolo Targetti: 1937-2010

27 April 2010 17.00 BST


(Italy) - Paolo Targetti, Honorary President of the Targetti Poulsen Group, has died aged 73. A spokesman for the company confirmed that he passed away on April 20th at his home in Florence after a long illness.

Paolo Targetti was born in 1937. The son of Sankey Targetti, who founded the Targetti Sankey group in 1928, Paolo joined the family business in 1958 after graduating in Economics.

In 1963 he became a member of the board at Targetti Sankey SpA, going on to become company President in 1985. Following the acquisition of Louis Poulsen in 2007, he also held the additional post of Chairman at the newly renamed Targetti Poulsen Group.
 
In 1998, Paolo helped form the Targetti Light Art Collection alongside artistic director Amnon Barzel. The collection brings together contemporary artworks ‘that spring from the awareness that light is such a fascinating element that it cannot be limited by its technical-functional roles.’

From 2008, he also held the post of President at Florence’s Academy of Fine Arts.

As well as winning the Compasso d’Oro Award for his work designing the Targetti Mondial F1 system, he was appointed Cavaliere del Lavoro by the President of the Italian Republic in 1992. He held a number of high profile positions including President of Confindustria Firenze in 1987, President of Scuola di Scienze Aziendali from 2003 to 2010 and President of ASSIL (Italian Lighting Manufacturers Association) from 2004 to 2008.
 
At the end of last year Paolo, became Honarary President at Targetti, allowing his son Lorenzo to take over on the role of official company President.

“After 52 years working in the company, I feel it is time for me to leave the operating area,” said Paolo at the time. “If I look back over the past 16 years since my son Lorenzo entered the company, I can only see a constant growth that has brought Targetti from just over 200 employees to the current 1350 and from a turnover of 25 million to almost 300 million in 2008. Therefore, all the conditions are in place to proudly hand over the Presidency of the Group to him with much serenity.”

Paulo Targetti is survived by his wife, son Lorenzo and daughter Stella.

 

Paolo Targetti
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