Rosneft Execs Get Three Seats on Pirelli Board

Published: July 11, 2014

The board of directors of Pirelli SpA added four new members, according to news reports from Europe, including three executives from the tiremaker’s largest shareholder, Russian oil company Rosneft.

Reports say that Glencore CEO Ivan Glasenberg joined Pirelli’s board as an independent non-executive director. Glencore is an Anglo-Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland.

Also added to the Pirelli board were Rosneft President Igor Sechin, Vice President of Commerce and Logistics Didier Casimiro, and CFO Petr Lazarev.
Rosneft currently owns a 50% share in holding company Camfin SpA, which, in turn, owns 26.19% of Pirelli.

Continental celebrates U.S. tire manufacturing plant anniversaries

Continental is celebrating five years in Clinton, MS, 10 years in Sumter, SC and 50 years in Mount Vernon, IL plants.

By Christian Hinton

Published: May 13, 2024

Continental is celebrating the anniversaries of three tire manufacturing plants in the United States in 2024: five years in Clinton, Miss.; 10 years in Sumter, S.C. and 50 years in Mount Vernon, IL. With an annual production capacity of more than 16 million tires and a team of more than 6,700 local manufacturing employees, Continental said it has invested more than $1.5 billion in its American tire manufacturing operations.

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