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Aldo Maria Brachetti Peretti, Longtime Api Leader, Dies at 93

His decades of leadership transformed Api into Italy’s largest private fuels company.

Overview

  • IP and Italian media said he died in Rome on Friday at the age of 93.
  • He led the Api group for roughly 30 years, becoming executive vice president and CEO in 1974 and taking the presidency in 1977 after the founder’s death.
  • Under his direction, Api expanded refining operations, entered electricity production, and acquired the IP brand from Eni.
  • In recent years he handed day‑to‑day control to the next generation, with the group operating about 4,600 IP‑branded service stations nationwide.
  • He received the Cavaliere del Lavoro honor in 1978 and later founded the Il Pollenza winery in the Marche region.