The Board of Directors of Pirelli & C. SPA approves financial statements as of 30 June 2009:
- second quarter operating results improved over the first quarter;
- operating trend in line with overall targets of 2009-2011 industrial plan;
- target for financial position improves: net debt forecast for year end at approximately 800 mil lion euros;
- new model of risk monitoring and management introduced: broadens functions and number of components of internal control and Corporate Governance committee; compliance function introduced, separate from internal audit function; risk officer instated.