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Mauro Libi Crestani (1968—)[1] is a Venezuelan businessman and owner of the food distribution company Avenas Inproceca.[2] He is either an owner, a major shareholder, or holds some other controlling position in over 30 companies across three continents.[1]
Mauro Libi Crestani | |
|---|---|
 Mauro Libi inside the headquarters of his Frimaca company | |
| Occupation(s) | President and CEO of Avenas Inproceca |
| Website | mauro-libi |
Early life
editMauro Libi Crestani was born in Caracas, Venezuela. His pathway into entrepreneurship was inspired by his father, who was a businessman in the transportation industry[3] but eventually created a food industry business.[1]
When he was 16 years old, Libi Crestani went to Milan, Italy, to study management.[3] Upon returning, he worked at his father's food business.[1]
Libi Crestani made “his mark as a food importer and entrepreneur" beginning in the early 2000s. That was the same period that coincided with Hugo Chávez being in power in Venezuela.[1]
Career
editIn 2008, Libi Crestani launched a foundation to aid youngsters in "response to an influx of children living on the streets of Vargas." The foundation, the Casa Hogar Foundation, pays for housing, school, and medical care. Since its founding, it has served 146 children.[2] The background for the need for the foundation lies in the 1999 mudslide "Vargas tragedy."[2]
Libi Crestani serves as the president of Avenas Inproceca. The company processes and distributes 24 oat products throughout Venezuela. Approximately 1,400 people work at the company.[4] Its premium oatmeal brand is called Avelina.[5]
In 2012, Libi Crestani set an ambitious goal of getting 30 percent of the oats market in Venezuela. He opened a new oat processing plant in Guatire, a city in Miranda, Venezuela.[6]
Before running Avenas Inproceca, Libi Crestani started his business career in 1996 when he was 26 years old. His first job was in his father's company overseeing 33 employees.[7]
Controversies
editLibi has been accused of corruption and has been investigated by several government bodies. He was exonerated by the Venezuela National Assembly, the country's legislative branch, in late 2016. The original complaint had been filed by the ruling party Chavista group.[1]
When asked, Libi told The Financial Times in July 2017 that the allegations against him were false and that they were an attempted smear campaign.[1]
In August 2016, the Audit Commission, a body within the Venezuela National Assembly, investigated Libi's business activities based on a "dossier compiled by Socialist Tide, a splinter Chavista group." On October 5, 2016, Libi appeared before the commission to defend himself. By December 7, the commission closed its investigation.
Many of those companies do significant business with the federal government of Venezuela. He owns companies in the food industry that have received large government contracts whereby the government buys the product in very large quantities. The contracts bring the food to the government, which then goes to supply the Venezuelan citizens with oat products.
References
edit- ^ a b c d e f g Rathbone, John Paul (13 July 2017). "How Venezuela's 'Bolivarian bourgeoisie' profits from crisis". The Financial Times. Retrieved 10 August 2017.
- ^ a b c "Crestani's Casa Hogar Foundation celebrates ninth year in Venezuela". Latin Business Daily. 11 June 2017. Retrieved 12 June 2017.
- ^ a b "Mauro Libi Crestani | Fundación Casa Hogar Al Fin". Fundación Casa Hogar Al Fin (in European Spanish). 6 June 2017. Retrieved 13 June 2017.
- ^ "Avelina®". Avelina® (in Spanish). Retrieved 12 June 2017.
- ^ "Quiénes somos | Avelina®". Avelina® (in Spanish). Retrieved 12 June 2017.
- ^ "Inproceca inauguró fábrica procesadora de avena en Guatire - Economía - EL UNIVERSAL". www.eluniversal.com (in Spanish). 18 March 2012. Retrieved 13 June 2017.
- ^ "Mauro Libi Crestani Biography". Retrieved 13 June 2017.
External links
edit- Mauro Libi Crestani on Twitter
- Corporate biography (in Spanish)
- Corporate biography (in English)