NEW BOARD OF DIRECTORS NOMINATED, JIAO JIAN CHAIRMANREMUNERATION POLICY FOR 2023 AND NEW LTI PLAN APPROVEDVOTE IN FAVOUR OF REPORT ON COMPENSATIONS PAID IN 2022Milan, 31 July 2023 – The Shareholders Meeting of Pirelli & C. SpA (the “Company”) took place today, in ordinary session, at Studio Marchetti in Milan, with interventions from those.
A recent decision by the Italian government will see major Pirelli shareholder Sinochem stripped of its power to nominate candidates for the CEO position of the tire maker.
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.