 Profile
As the Chief Operating Officer of Lorica International Corporation, Fabrizio Balestri is seeking to make his fourth start up company as successful as the other three by introducing a new fire-resistant technology into the textile marketplace. Balestri joined the company in May 2007 and manages all of the daily operations of the business, including finance, marketing, manufacturing, and patent application. In the past year, Fabrizio Balestri has most notably spearheaded an agreement with a Chinese manufacturing company, making Lorica the first US-based company to collaborate with the fabricator.
In addition to his responsibilities at Lorica International, Mr. Fabrizio Balestri is the Managing Director for the consulting firm Blue Sky Initiatives, which specializes in advising management, startup companies, and the Student Lending market, a sector in which Mr. Balestri holds extensive experience. As the firm’s Managing Director, Fabrizio Balestri provides a range of advisory services, from small startup company advisement to Wall Street analyst consultations regarding the for-profit education space.
Using the experience he garnered in the student finance market, working as the Assistant VP of Sallie Mae, Senior VP of Education Funding Company, and VP of America Express Company, Mr. Balestri founded Student Loan Xpress in 2002 as the student loan and financial assistance company’s CEO. Fabrizio Balestri managed all aspects of the startup, which grew to become one of the top 12 national lenders and marketers in the national student-lending sector. For the 2003/2004 year, Student Loan Xpress was designated the fastest growing student lending firm, and in February 2005, the company was successfully sold to CIT, Inc., an international finance company, for 400 million dollars.
In March 2005, CIT Inc. hired Fabrizio Balestri as the President of the newly acquired Student Loan Xpress and made him responsible for sales, product development, client services, and marketing. By 2007, Fabrizio Balestri had increased the company’s sales from $3 billion to $7 billion.
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