Marco Tronchetti Provera Archives

Tronchetti proposes Angelos Papadimitriou as general manager, co-CEO

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.

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15th July 2020/by Chris

Tronchetti Provera re-confirmed as Pirelli executive vice chairman and CEO

News

As a result of its shareholder meeting on 18 June, the board of directors of Pirelli & C. SpA re-nominated Marco Tronchetti Provera as Executive Vice Chairman and Chief Executive Officer (CEO) attributing to him the powers for the operational management of Pirelli. Company chairman, Ning Gaoning, was given the authority of legal representation of the company.

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1st July 2020/by Chris

No Pirelli Calendar for 2021 – tyre maker donating to coronavirus research

Company News

There will of course be 12 months next year, but you won’t be able to check that on a Pirelli Calendar. Pirelli has decided to cancel production and the launch of the 2021 Calendar, and instead ‘The Cal’ project will, in the context of other initiatives already undertaken by the company, donate 100,000 euros to the fight against and research into the coronavirus.

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24th March 2020/by Stephen

Pirelli shareholders’ agreement renewed

Company News

A three-year extension to the Shareholders’ Agreement covering the governance of Pirelli & C. S.p.A was agreed upon yesterday. This extension will take effect from the publication date of the notice convening the Pirelli shareholders’ meeting for approving the company’s 2019 financial statements.

2nd August 2019/by Stephen

Prince Charles visits Pirelli’s Carlisle tyre plant

Company News, UK News

The Pirelli tyre plant in Carlisle hosted a royal guest today to mark its 50th year of operation. His Royal Highness The Prince of Wales was welcomed at the plant by Marco Tronchetti Provera, chief executive officer and executive vice-chairman of Pirelli, along with Andrew Mitchell, HM Trade Commissioner for Europe, and Raffaele Trombetta, Italy’s Ambassador to the UK, senior Pirelli management and many employees.

8th April 2019/by Stephen

Pirelli: 4 more years with Formula 1

Motorsport

Pirelli will remain global tyre partner of the FIA Formula One World Championship until the end of the 2023 season after extending its current contract – which lasts until the end of the 2019 season – for a further four years. Pirelli notes that the agreement to extend the partnership was “completed in a short timeframe” on the back of the “successful partnership over recent years.”

26th November 2018/by Stephen

Pirelli, Rostec investing 100 million euros to double Voronezh plant capacity

International News

Pirelli Tyre Russia and Rostec have placed their signatures upon a memorandum covering plans to more than double production capacity at the Voronezh Tire Plant in southwest Russia. This agreement formalises the long-held aim of increasing capacity at the joint venture facility from 2 million to more than 4 million passenger car tyres per annum.

30th October 2018/by Stephen

Pirelli to use ‘Patent Box’ tax breaks to further shift high value/standard balance

Company News

Pirelli is looking forward to tax concessions worth millions through its participation in the ‘Patent Box’ tax regime. Yesterday the tyre maker signed an agreement with the Italian tax office covering the 2015 to 2019 fiscal years; it estimates that the tax benefit for the three fiscal years to 2017 alone will amount to approximately 54 million euros.

16th October 2018/by Stephen

Pirelli joins UN Road Safety Trust Fund

Company News

Pirelli has become the first tyre company to join the United Nations Road Safety Trust Fund, pledging a contribution of US$600,000 (2018-2019) to help the fund in its global road safety efforts. At the same time, the company’s chief sustainability and risk governance officer, Filippo Bettini, was nominated to a seat on the fund’s Advisory Board.

29th August 2018/by Stephen

Pirelli and Prada sponsor Luna Rossa’s new America’s Cup challenge

Company News

Pirelli has signed an agreement with Luna Rossa Challenge for the constitution of a partnership aimed at the development of a multi-year project which will lead to Luna Rossa’s participation in the next edition of the America’s Cup, set for New Zealand in 2021. Pirelli and Prada will be co-titled sponsors of the vessel and will detail their plans at a soon-to-be-organised event.

13th August 2018/by Andrew

Ning Gaoning tipped to become Pirelli’s new chairman

Career Tracks

As a consequence of his announced retirement as chairman of China National Chemical Corporation (ChemChina), Ren Jianxin has resigned from all roles he held on the Board of Directors at Pirelli & C. S.p.A. His resignation took effect 30 July. Pirelli has officially thanked Ren for his “contribution to the company in these years.”

2nd August 2018/by Stephen

Mexico honours Pirelli’s Tronchetti Provera

Company News, International News

At a ceremony held at the Mexican Embassy in Rome on Monday, the Águila Azteca (Order of the Aztec Eagle) was bestowed upon Marco Tronchetti Provera. The Pirelli executive vice-president and chief executive offer received this, the highest honour the government of Mexico grants to foreigners, for services rendered to the country.

26th April 2018/by Stephen

Pirelli develops organisation to support its Integrated Business Model

Company News

At the Pirelli Board of Directors meeting scheduled for 14 May 2018, Marco Tronchetti Provera will present to board members the tyre maker’s proposal for developing an organisation to support the company’s Integrated Business Model. This proposed organisation, which the executive vice-chairman and chief executive officer has already shared with the chairman of the board, involves a new distribution of responsibility within the company.

18th April 2018/by Stephen

Pirelli supporting ‘High Value’ strategy in Latam with major investment

Company News, International News

More than 250 million euros will be invested into Pirelli’s business in Latin America over the next three years in order to reinforce its ‘High Value’ strategy within the consumer tyre segment. The investment plan was announced by Marco Tronchetti Provera, executive vice-chairman and chief executive officer of Pirelli, during his visit to the company’s […]

23rd March 2018/by Stephen

Pirelli sponsoring Emirates Team New Zealand in America’s Cup

Company News

While tyres help Formula One cars to maintain control, on a boat this job falls to the rudder. Therefore, it is fitting that these components on the Emirates Team New Zealand entry in the 2017 America’s Cup 2017 feature Pirelli branding. The ‘long P’ logo on its familiar yellow background is present thanks to a new partnership agreement signed between Pirelli and the two-time America’s Cup winner. The Pirelli logo will also appear on the boat’s hull.

15th May 2017/by admin

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