Giovanni Ferrario Steps Down

On 11 November, Pirelli’s Giovanni Ferrario, stepped down as managing director and general manager. In a statement, the company thanked Mr Ferrario for the 30 years of service he had given to the company. The business areas previously headed by Mr Ferrario will report to managing director, Carlo Buora. The Tire Division, headed by general manager, Francesco Gori, will report directly to the chairman for matters concerning divisional strategies and business development.