Pirelli names BoD candidates

Italy has applied its Golden Power Decree to Pirelli & C. SpA, influencing the choice of candidates for the next Pirelli Board of Directors. Pirelli reports that its incumbent Board of Directors have received two lists of candidates ahead of the Shareholders Meeting scheduled for 31 July 2023.

List 1:

Marco Polo International Italy Srl, which together with Camfin SpA holds 51.1 per cent of Pirelli capital, presented a list on behalf of both parties. This list (List 1) includes the following names, with candidates indicated with a (C) being those designated by Camfin SpA:

1. Jiao Jian

2. Tronchetti Provera Marco (C)

3. Casaluci Andrea (C)

4. Chen Aihua

5. Zhang Haitao

6. Chen Qian

7. Bradanini Alberto (independent)

8. Carpinelli Michele (C) (independent)

9. De Sole Domenico (C) (independent)

10. Fan Xiaohua (independent)

11. Pappalardo Marisa (independent)

12. Tang Grace (independent)

Proposals:

Marco Polo International Italy S.r.l. and Camfin SpA also presented the following proposals to be submitted to the Shareholders Meeting:

Establishing 15 as the number of members of the Board of Directors;
Nominating Jiao Jian Chairman of the Board of Directors;
Establishing 2,500,000 euro as the maximum annual compensation for the Board of Directors in accordance with article 2389,1 of Italy’s Civil Code, an amount to be divided between members.

List 2:

A group of savings management companies and institutional investors that are shareholders of Pirelli & C. SpA, holding a total of 1.33 per cent of Pirelli capital, presented another list of candidates (List 2). This contains the following names:

1. Roberto Diacetti (independent)

2. Paola Boromei (independent)

3. Giovanni Lo Storto (independent)

The new Pirelli Board of Directors will serve from 2023 to 2025.