Li Fanrong tipped to become Pirelli’s chairman

Following his recent retirement as chairman of Sinochem Holdings, on 8 October 2022 Ning Gaoning also stepped down as chairman of the Pirelli & C. S.p.A. Board of Directors. He will likely be succeeded by Li Fanrong, who also took over from Ning as Sinochem Holdings’ chairman.

Pirelli shares that Li has “communicated” his willingness both to join the company’s board by co-optation and to take on the role of chairman. Executive vice-chairman and chief executive officer March Tronchetti Provera will thus convene the board to propose Li Fanrong’s co-optation and his nomination as chairman.

In a statement, Pirelli has thanked Ning Gaoning “for his contribution to the company in these years.” The company additionally noted that, as of today, Ning does not hold shares and/or other financial instruments issued by Pirelli and there are no indemnities or other benefits resulting from the termination of office.