Profumo resigns from Pirelli BoD

Pirelli & C. SpA has announced the resignation of Francesco Profumo from the company’s Board of Directors. Mr. Profumo submitted his resignation following his appointment as Italy’s Minister of Education, Universities and Research in the government being set up under new Prime Minister Mario Monti. In a statement, Pirelli said it “wishes to thank Mr. Profumo, an independent Board member and member of the Strategies Committee, for his valuable contribution.”