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.
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 […]
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.
In parallel with presenting its full-year 2016 results, Pirelli has revealed further details of its complex ownership structure and how it is splitting its consumer and industrial tyre business into two separate entities.
The latest news is that, as of March 2017, TP Industrial holding (which owns the newly renamed PTG, which was called Pirelli industrial until recently – more on that later) has been separated out from Pirelli’s consumer tyre business. In practice this means the assignment of TP Industrial holding to Marco Polo, Pirelli’s sole shareholder. According to Pirelli, the assignment will “ensure that Pirelli and TP Industrial can pursue their own independent paths to growth and independently developed strategies”.
Pirelli has celebrated 110 years of motorsport activity. At events held this week in Turin, Italy, the tyre maker celebrated its long competitive heritage at Turin’s National Automobile Museum and also opened the doors to the plant where its most advanced products are manufactured.
If a picture truly is worth a thousand words, then Pirelli has saved itself pages of prose by supplying the content for an exhibition currently being held in Italy. On 18 January, Archimede Library in Settimo Torinese opened the doors to the ‘Pirelli in 100 Pictures: Beauty, Innovation, Manufacturing’ exhibition, a visual glimpse into the company’s 140 years of history. The exhibition runs until 1 May.
One patent deposited every year, 44 student scholarships and 36 doctoral scholarships, all in the arena of research into advanced innovative materials: This is the fruit of the Corimav partnership created in 2001 as a joint venture between Pirelli and the University of Milano-Bicocca. The partnership was recently renewed at an event attended by Pirelli chief executive officer Marco Tronchetti Provera and Cristina Messa, the university’s rector.
Pirelli reports that it now runs three company libraries – one for each of its locations in Italy. New libraries have been opened at the Pirelli headquarters in the Bicocca area of Milan and at its plant in Bollate – these join an existing library at Pirelli’s site in Settimo Torinese.
Pirelli has now made tyres in Romania for a decade, and during a ceremony marking the tenth anniversary of the start of production in Slatina, the company announced plans to further invest in the site. Around €200 million will be invested in the Slatina plant through to 2021; as a result, annual production capacity will reach 15 million tyres, 5 million more than the current level. Some 500 new jobs will be created through the investment.
The FIA and Pirelli have signed a new four-year agreement in support of the FIA’s Action for Road Safety campaign. As a global partner of the campaign, Pirelli will promote the FIA’s ‘10 Golden Rules’ for road safety through all of its networks. Pirelli will also organise training programmes, as well as projects to raise awareness on safe driving, in collaboration with a selection of FIA Member Clubs.
A number of significant management changes were confirmed at yesterday’s meeting of Pirelli & C. SpA shareholders. ChemChina chairman Ren Jianxin was named Pirelli’s new chairman, while Marco Tronchetti Provera was confirmed as chief executive officer and executive vice-chairman.
As part of its activities to develop a new generation of tyres based upon the concept of “total safety,” Pirelli is undertaking a two-year research and development project that aims to optimise the conception and planning of new products. The name of this project is Total Safety System. Pirelli says it is investing a total of €5.35 million in the project, which is being carried out at its Milan headquarters’ R&D facility, and the work will be supported by the Lombardy regional government through a €1.9 million grant. The grant was formalised through the signing of a competitiveness agreement between the Lombardy regional government and Pirelli on 9 February.
Pirelli has capped a transition year with the launch of its flagship branding product in London. Like the Italian company, now under the control of Aeolus brand manufacturer ChemChina, the 2016 edition of the Pirelli Calendar has been launched in a new and somewhat unexpected form. In the hands of legendary photographer Annie Leibovitz for the second time, the Cal has undergone a dramatic shift in character away from both the female models usually a staple of the annual publication and the almost exclusively erotic tone. The 13 subjects are instead photographed in simple, naturalistic poses – “noone was supposed to look like they’d tried,” Leibovitz says – which are designed to portray the diverse range of the female subjects’ achievements; the subjects are representatives from professional, charity, cultural and sporting spheres. The Cal was introduced by Pirelli executive vice president and CEO Marco Tronchetti Provera in a press conference at Grosvenor House, with Claire Balding chairing a panel of guests, comprising Leibovitz and three of her subjects. The launch continued in the evening at Camden’s Roundhouse, a former industrial building and iconic music venue – presumably familiar to Leibovitz, who started her rise to legendary status at Rolling Stone magazine – since the 1960s.
Pirelli says it has reached an agreement with Lorenzo Sistino, general manager of the company’s Industrial business, for the “consensual resolution” of his “existing work relationship.” He leaves the tyre maker after less than half a year, having been appointed to the role of general manager, Industrial on 6 August 2015.