Lino Saputo

Lino Saputo
Born Emanuele Saputo
(1937-06-10) June 10, 1937
Montelepre, Sicily, Italy
Residence Senneville, Quebec, Canada
Nationality Canadian[1]
Net worth Increase US$5.5 billion (2018)[2]
Board member of Chairman, Saputo Inc.
Children 3,[3] including Joey Saputo

Emanuele "Lino" Saputo, CM OQ (born June 10, 1937) is an Italian-Canadian businessman. He is the founder and chairman of the Canadian cheese manufacturer Saputo, Inc. According to Forbes, is the 8th richest person in Canada, and the 339th richest person in the world, with an estimated net worth of US$5.5 billion as of July 2018.[4]

Early life

Saputo was born in Montelepre, Sicily, Italy, in 1937, to Giuseppe Saputo, a cheesemaker, and his wife Maria. He completed his secondary schooling in the early 1950s, and shortly thereafter the Saputo family immigrated to Montreal, Quebec.

Career

Lino Saputo became chairman of the board and president of Saputo Inc. in 1969, and was named chairman of the board and chief executive officer in 1998 when the company went public. In March 2004, his son Lino Saputo, Jr., was appointed to the position of president and chief executive officer while Lino Saputo continued to act as the company's chairman. In August 2017, Lino Saputo, Jr. assumed the role of chairman and Lino Saputo remains the majority shareholder of Saputo Inc.[5]

Other interests

Saputo also owns a significant stake in the trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses.[6]

Saputo committed C$7.5 million towards the construction of Montreal Impact's Saputo Stadium at Olympic Park in July 2006.

Philanthropy

In 2011, he was made an Officer of the National Order of Quebec.[7] He was appointed a Member of the Order of Canada (CM), per the Canada Gazette, on September 1, 2012, and Government House announcement on June 29, 2012.

See also

References

  1. ↑ "Emanuele (Lino) Saputo & family". Forbes. Retrieved July 30, 2018.
  2. ↑ "Emanuele (Lino) Saputo & family". Forbes. Retrieved July 30, 2018.
  3. ↑ "Emanuele (Lino) Saputo & family". Retrieved June 10, 2017.
  4. ↑ "Emanuele (Lino) Saputo & family". Forbes. Retrieved July 30, 2018.
  5. ↑ "Emanuele (Lino) Saputo & family". Forbes. Retrieved July 30, 2018.
  6. ↑ https://www.canadianbusiness.com/lists-and-rankings/richest-people/rich-100-saputo-family/
  7. ↑ "National Order of Quebec citation". National Order of Quebec (in French). Archived from the original on April 15, 2012.
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