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THE NEW CORPORATE ORGANIZATIONAL STRUCTURE GETS UNDERWAY

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Coherently with the strategy and the objectives of the 2009-2011 industrial plan that focuses on the core business, Pirelli simplifies its own organizational structure by grouping all activities directly supporting the core business under a new “Tyre and parts” Department, whose responsibility is entrusted to Francesco Gori, CEO and Managing Director of Pirelli Tyre. The reorganization will entail a significant downsizing of corporate level structures, leading to a minimum saving of 10 million euros per year, expected from 2010. The new “Tyre and Parts” Department groups the operational activities needed to develop the core business: tyres (Pirelli Tyre) and filters (Pirelli Eco Technology), thus ensuring one single management of corporate processes. In fact, the Department will incorporate the activities of Purchasing, Administration an Control, Pirelli Labs, Advertising and Events, Human Resources, Healt Safety & Environment (which also reports to the Group General Counsel), and the Service Centers for information technology and administratives activities.
In line with the focus on industrial activities, the reorganization includes the closing the Operation Department, headed by Claudio De Conto who will now focus his activity, as CEO Finance, on Pirelli Real Estate. Together with Giulio Malfatto – the other CEO of Pirelli RE – Claudio De Conto will continue to manage the turnaround process, which has been successfully pursued so far.
Therefore all lines of business (“Tyres and Parts“, Real Estate, Environment, Pzero fashion and Broadband Solutions), as well as typical institutional activities will report directly to the Chairman, Marco Tronchetti Provera.

 


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1 news Wednesday, September 16th, 2009