Milan – Pirelli’s executive vice chairman and CEO, Marco Tronchetti Provera is to introduce Giorgio Luca Bruno as the deputy CEO of the company at the next shareholder’s meeting to be held in June.
Bruno will replace board member Angelos Papadimitriou, who joined Pirelli last summer, but opted to leave his position in February after just six months.
Papadimitriou will withdraw from the board with immediate effect, making the position available for Bruno, Pirelli announced 24 March.
The board of directors are then expected to nominate Bruno, currently the CEO of Prometeon Tyre Group (PTG), as a board member during the company's shareholders’ meeting scheduled for 15 June.
Once nominated, he will assume the role of deputy-CEO.
According to Pirelli, Bruno has “significant managerial experience in complex financial and industrial contexts, including the tire industry.”
He holds a degree in company economics from Milan’s Bocconi University, and joined Pirelli in 2008 where he was in charge of corporate development and diversified businesses.
In 2013, he became the executive chairman of estate management company Prelios, which was subsequently divested.
More recently, he dealt with the process of separating Pirelli’s industrial business into Prometeon Tyre Group (PTG), part of the ChemChina group.
In 2017, he became the chairman of PTG and in January 2018 he became its CEO, where he has managed to “achieve and maintain positive results even during the pandemic.”
Under the proposed "macro-organisational structure" of Pirelli, the executive vice chairman and CEO will continue to head the direction and control of strategy and extraordinary operations.
The deputy-CEO will be given “all the necessary executive levers, as well as staff areas not directly reporting to the Executive Vice Chairman, and the report of the general manager operations, Andrea Casaluci, who will continue to head all the business lines and regions.”