As reported in January, Angelos Papadimitriou is stepping down as general manager and co-chief executive officer of Pirelli. The tyre maker shares that the termination of his contract employment takes effect on 28 February 2021. As already stated, Papadimitriou will maintain the offices of Director on the Board and member of the Strategies Committee. The termination of Papadimitriou contract of employment changes his status to that of non-executive director.
Pirelli and Angelos Papadimitriou, the tyre maker’s general manager and co-CEO, have agreed to end their working relationship. Pirelli hasn’t specified the date on which Papadimitriou will relinquish these roles, but when he does the duties he performed as general manager and co-CEO will be taken over by Marco Tronchetti Provera, Pirelli’s executive vice chairman and chief executive officer, until a successor is appointed.
Pirelli executive vice chairman and CEO, Marco Tronchetti Provera has proposed Angelos Papadimitriou for the new office of general manager co-CEO. Papadimitriou will report directly to Marco Tronchetti Provera. The appointment has been added to the agenda for the scheduled 23 July 2020 board of directors meeting. According to an official statement outlining the appointment, “the aim of the reorganization is to support the realization of the business model and broaden the management team in view of the succession path which will be completed in the first half of 2023”. In other words, Papadimitriou is being positioned as Tronchetti Provera’s successor.