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Pirondini to leave Pirelli

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When Pirelli’s Board of Directors approved a number of changes to the company’s management structure yesterday, it confirmed that position of chief commercial officer will no longer be required. The position will disappear from Pirelli’s management structure at the end of this year and the incumbent chief commercial officer, Andrea Pirondini, will leave Pirelli.

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Pirelli's Gori to resign?

Ahead of Pirelli’s latest financial results, rumours are circulating between the press and financial analysts that Pirelli COO Francesco Gori could be about to resign. A report from analysts Morgan Stanley cites an article in the Italian newspaper "Il Corriere della Sera" today (8th May) making this suggestion.

Pirelli itself has reportedly been quite non-committal in its response. Morgan Stanley reports that it has “spoken to the company this morning and this was neither denied or confirmed. The company have signalled before that they are looking to simplify their organisational structure, however unconfirmed rumours in the industry are that there were clashes between the CEO (and owner) Tronchetti on Pirelli’s long term strategy."

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Related news:

  1. Pirelli sales up 16.6% in 2011, profits beat target margin
  2. Report: Tyre Companies Will Increase Prices in 2010, But Not By Much
  3. Analysts: Fourth quarter results key for Pirelli 2012 outlook
  4. Analysts ‘concerned’ about reduced Pirelli outlook
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