Pirelli CEO Proposes Candidate for Co-CEO Position

Pirelli CEO Proposes Candidate for Co-CEO Position

Pirelli says the co-CEO position and proposed reorganization aims to broaden its management team.

Pirelli Executive Vice Chairman and CEO Marco Tronchetti Provera has proposed to the board of directors that Angelos Papadimitriou, CEO of Coesia, a group active in the production of packaging machines, be named the company’s general manager and co-CEO.

Pirelli says the proposed reorganization aims to also broaden the management team in consideration of the company’s future succession path.

In the proposed new macro-organizational structure, the executive vice chairman and CEO will continue to head the direction and control strategy and operations. The general manager co-CEO will also make executive decisions as well as control the staff areas not reporting directly to the executive vice chairman and CEO.

Pirelli says the company will identify a candidate for the role by October 2022, and the candidate will be proposed as the new chief executive officer of Pirelli in the first half of 2023.

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