Carlo Calenda has been named Italian minister for economic development. He succeeds Prime Minister Matteo Renzi in the role, who covered the post ad-interim following Federica Guidi’s resignation.

Calenda held the role of deputy minister for economic development from 2013 until last January, when he was appointed Italian ambassador at the European Union in Brussels.

Graduated in law, Calenda worked for prestigious companies, such as Ferrari and television network Sky, before starting a political career.

During his tenure as deputy minister for economic development, Calenda developed a plan to support the country’s fashion industry. This included public investments in the sector, which in 2015 amounted at $42.4 million.