Exor N.V. (Exor) is one of Europe’s largest diversified investment companies. The portfolio consists of companies in which Exor is the largest shareholder and plays an active role on their boards while also respecting the autonomy of their business operations. Exor is headquartered in Amsterdam, the Netherlands, listed on Euronext Amsterdam and included in the AEX Index.
Exor traces its origins back to 1899 when Giovanni Agnelli founded FIAT. Over time, the Agnelli family grouped its shareholding in FIAT with a growing set of diversified investments through the holding companies IFI and IFIL. In 2009, these holding companies merged to create Exor. Today, Exor is still majority owned and controlled by the Agnelli family through Giovanni Agnelli B.V.
This continuity of ownership underpins Exor’s long-term perspective and has enabled it to preserve its founding culture, which combines entrepreneurial spirit with financial discipline. These are two important principles that help Exor monitor investee companies and identify new opportunities, ensuring sustainable long-term value creation.
Exor’s purpose is to build great companies. Through doing this, it creates opportunities for talented people, makes a positive contribution to society and delivers superior returns to its investors. It defines great companies as those that are distinctive in what they do, seek renewal and change, act in a responsible way and perform to the highest standards.
The purpose is grounded in a set of values that every Exor employee is expected to embody as they carry out their roles and represent Exor. These values are presented in pairs to reflect the balance required between entrepreneurial ambition and financial discipline. There is a deliberate tension within each pair and it is the responsibility of every Exor employee to strike the right balance when bringing Exor’s purpose to life as outlined below.
Our founder, Senatore Giovanni Agnelli, who started our journey in 1899, left us a timeless vision:
"Above all we must always look to the future, foresee the future of new inventions, be unafraid of the new, and delete from our vocabulary the word ‘impossible’".