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Pirelli CEO Resigns to Focus on Telecom Italia

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Pirelli & C SpA CEO Carlo Buora is resigning from his posts with the Pirelli Group in order to concentrate on his commitments at Telecom Italia SpA. According to reports Buora was appointed as Telecom Italia vice-chairman in September, in addition to his long-standing role as a CEO at the telecom firm. Pirelli is the largest shareholder in Telecom Italia with an 18 per cent stake via its 80 per cent holding unit Olimpia SpA.

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