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Pirelli made an abrupt change to its CEO succession plans

The executive who was due to succeed Tronchetti Provera as CEO has taken himself out of the running

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Pirelli made an abrupt change of direction after Italy limited the powers of its top shareholder

Formula 1 tire maker Pirelli has announced a sudden change of succession plans just days after the Italian government invoked special powers to limit the influence of the company’s main shareholder, Chinese state-owned conglomerate Sinochem.

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