Faustino Piaggio
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Faustino Piaggio (born 15 February 1844 in Quinto al Mare, Genoa), was an
industrialist who also became a pioneer of the Latin American oil industry with his businesses based in Peru
.
Profile
Faustino G. Piaggio created the Peruvian
nationalized by the Peruvian government and was the foundation of what is today the national Peruvian oil company Petroperú
.
History
He belonged to a well known
United States of America. Faustino G. Piaggio took a position as administrator of the trading house an uncle of his had in the Peruvian port of Callao. It would be in Peru where he would make his fortune and would achieve significant standing. He was recognized by the Peruvian government as a war hero during the War of the Pacific, between Chile and Peru, due to uncalled-for heroic action by a foreigner, and was also the first foreign Mayor of the Callao port during the 1896-1898 period, being responsible for mayor sanitation and water works, as well as bringing electricity to the South American port. [1]
Business Interests
Piaggio formed one of the first large business groups in the South American region, with interests spanning everything from finance, commerce, services, mining, and oil. In 1907, based on a
Pilsen Callao
(this brewery and the industrial/financial conglomerate attached to it was the last large business controlled by his heirs, it was sold to a competitor in 1994). He also had land development businesses through Cia. Immobiliaria la Legua, developing what is today the largest industrial park in Callao, Lima. His farm holdings spanned some 20,000 hectares that the Peruvian government nationalized in 1972, in a countrywide land redistribution scheme. Faustino G. Piaggio died on February 9, 1924, leaving six children, Clelia Piaggio de Lercari, Attilio Piaggio Basso, Pia Piaggio de Sissa, Umberto Piaggio Basso, Ada Piaggio de Lanata, and Ezio Piaggio Basso.
Sources
- ^ Bellani, R. (1949), Faustino G. Piaggio: Creador de la Industria Petrolera Peruana