Sustainability Channel

BOARD CO-OPTS MANUELA SOFFIENTINI AND GIUSEPPE VITA. CHANGE TO COMPANY CALENDAR: BOARD TO REVIEW 2011 RESULTS 12 MARCH

The Board of Directors of Pirelli & C. met today and co-opted Giuseppe Vita, in place of Mr. Enrico Tommaso Cucchiani, who resigned from the board on 16 December 2011, and Manuela Soffientini, in place of Professor Francesco Profumo, who resigned from the board on 16 November 2011.

The two were co-opted at the proposal of the Committee for Nominations and Succession which had opportunely consulted Assogestioni, the association of the Italian investment management industry,  for the selection of the candidates to propose to the Board,  considering that Mr.  Profumo had been chosen from a minority list presented by institutional investors under the aegis of Assogestioni.  In line with Pirelli’s commitment to constantly keeping its system aligned with national and international best practice, the Committee for Nominations and Succession proposed Manuela Soffientini: which also enhances the female component of the Board bringing it to 20% and thus already in line with the requirements set out in the new law ( no. 120 of 12 July 2011), applicable to the Pirelli Board of Directors from the renewal scheduled with the shareholder meeting to approve results on 31 December 2013.

The Board of Directors also decided, on the basis of available information and statements from the person concerned, that the requisites of independence have been met (both in terms of legislative decree 58/1998 and the code of self-regulation for listed companies) with regard to board member Soffientini.

The curricula of Soffientini and Vita can be seen at www.pirelli.com.

Pirelli & C. SpA also announces that the Board of Directors will meet to review the results for 2011 on Monday 12 March 2012 and no longer on Thursday 8 March as previously announced.

PDF Version (26 KB)

Sibur transfers its last tyre plant to the Pirelli, Russian Technologies JV

Pirelli & C. SpA and Russian Technologies today finalized the transfer of the Voronezh tyre plant from Russian petrochemical company SIBUR to the Pirelli-Russian Technologies joint venture.

This follows the transfer, also from SIBUR, in December of the Kirov tyre plant. The joint venture has invested a total of 222 million euros in the transfer operations and will spend a further 200 million from 2012 to 2014 on plant improvement and business development. Annual revenues are expected to be around 300 million euros in 2012 and more than 500 million by 2014.

Voronezh will specialize in top-of-the range tyres with an output of 2 million pieces a year in 2012 to reach 4 million in 2014, while Kirov already produces 6.5 million pieces annually. While its production will remain flat, over 60% will be converted to the Pirelli brand.

Truck Safety Day: make way for security

The W:01 tyres star at the Livigno Ghiacciodromo. Watch the video and see the photo gallery

The first Pirelli Truck Safety Day took place on 27 January.

The objective was to demonstrate that safety for trucks also means using the most suitable tyres, especially in winter conditions.

At the Ghiacciodromo di Livigno (Livigno Icedrome), with terse skies and an early morning temperature of -12°C, 80 tyre dealers, fleet managers and the press from Italy, Germany, Austria and Switzerland witnessed  a range of comparative tests between the winter W:01 and ‘summer’ H88 tyres under traction, acceleration, braking distance and bending on snowy/icy surfaces.

Every test was explained by our technicians and the results communicated live.

The W:01 tyres showed they were much superior in all tests so, therefore, safer for use in winter conditions.

The great work by our colleagues from outdoor truck tyre testing was fundamental and invaluable both during the event and in the lead-up days of preparation.

But safety does not only mean choosing the right tyre for each application: it is necessary to constantly measure the pressures and quickly correct any anomalies.

And in that area there is the Cyber Fleet development. After the tyre’s presentation there was also a demonstration: guests were able to verify the data transmitted by sensors fitted inside the tyres that were on a coach, which had been on a brief run to Livigno.

With Pirelli, a day devoted to safety.