Pirelli CEO: Andrea Casaluci to be nominated

Restrictions placed upon major Pirelli & S.p.A. shareholder China National Tire & Rubber Corporation Ltd. (CNRC) include giving the remit of selecting the company’s chief executive to Camfin S.p.A. In a statement issued today, Camfin announces that it will nominate Andrea Casaluci to this role in addition to Marco Tronchetti Provera as Pirelli’s executive vice chairman. The two nominees are amongst four candidates that Camfin will designate to Marco Polo International Italy Srl for inclusion in the Board of Directors list submitted to the upcoming Pirelli Shareholders’ Meeting. Giorgio Bruno, deputy CEO since June 2021 and previously identified as Pirelli’s next CEO, is ending his tenure on the Board of Directors.

According to Pirelli’s statement, Bruno “expressed the intention to conclude his mandate as a member of the Board of Directors to pursue his own entrepreneurial activities.” As a consequence, he is “not available to be indicated” as chief executive officer of Pirelli.

New entrepreneurial course

“I wish to thank Mr Giorgio Bruno for his contribution over many years, in various phases and different roles, to the management of the Pirelli Group and for the fundamental support assured over time to the company’s top management. In light of his firm decision to embark on a new entrepreneurial course, I offer Mr. Bruno my most deeply felt good wishes for the challenges before him, which will also still see our collaboration,” said Marco Tronchetti Provera.”

“After collaborating for many years on the guidance of the development of the Pirelli Group, I have decided to embark on my own entrepreneurial course, which will absorb my professional energies in future,” shares Giorgio Bruno. “I thank Pirelli and Mr Tronchetti for this long journey together, for the many shared experiences to date and for those that we will certainly share in future as entrepreneurs. To Pirelli, its people, Mr. Tronchetti and the management, I offer my very best wishes for a future of great satisfaction.”

Andrea Casaluci, aged 50, has worked for Pirelli since 2002 and served as the company’s general manager operations since 2018.