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People Management Award for Pirelli

Pirelli was recognized as one of the 150 Best Companies in People Management Practices by Gestão RH magazine.

This was the first time that Pirelli took part in survey, conducted by the consulting which manages the publication, with experience of 21 years in business.

The research identified good practices in people management programs with focus on leadership, diversity, personal development, life quality and communication.

This award is the result of a work in development that has the help of all pirellianos.​

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Pirelli-Volkswagen: a winning partnership

An annual supply of six million ultra-high performance (UHP) tyres for over 200 homologations with diameters ranging from 15 to 21 inches, plus another 250 under development to go into production in the coming years. A long list of prestige and premium models fitted with Pirelli tyres, and a global partnership which, for some time, has gone beyond the confines of Europe, having been established in Latin America, Mexico, China and has now expanded into Russia and the United States of America.

So for “commitment, competitiveness and the ability to innovate, with the development of self-sealing technology that underlines the company’s technological know-how and its ability to face future challenges” Pirelli has won the ‘Global Champion’ sector of the Volkswagen Group Awards, which are made by the car group each year to its best suppliers. Recognition of Pirelli excellence in global partnerships, product quality, competitiveness, project management and flexibility are the headings under which the award was made.

To testify to those qualities there are a lot of models fitted with Pirelli tyres – from the Porsche Carrera, Boxter, Cayenne and Panamera; the Lamborghini Aventador and Gallardo; the Bentley Continental GT and Flying Spur; the Audi A3, A4, A5, A6, A7, A8, Q3, Q7, RS5, RS6 and TT; the Volkswagen Tiguan, Touareg, Phaeton and Golf.

The presentation ceremony took place recently in Dresden. The award was received by Alberto Pirelli, the Group’s vice-president.

In the photo: the award ceremony with Francisco Javier Garcia Sanz, a board member of Volkswagen AG and head of procurement (left), Alberto Pirelli, vice-president of Pirelli (in the middle), Martin Winterkorn, chairman of the board of management of Volkswagen AG

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The Shareholder Agreement of Pirelli & C. SpA Shares announces that today the participants of the Agreement, upon request, agreed that:

-      Allianz S.p.A. can release from the Agreement its entire conferred stake in Pirelli & C. S.p.A. of 20,977,270 Pirelli & C. ordinary shares (4.41% of capital);

-      Fondiaria-Sai S.p.A. can release from the Agreement of a total of 12,229,394 Pirelli & C. S.p.A. ordinary shares (2.57% of capital);

-      Camfin S.p.A. can release from the Agreement of a total of 33,300,000 Pirelli & C. S.p.A. ordinary shares (7% of capital);

-      modify article 2 of the Agreement establishing that, on the occasion of renewal, the continuation of the Agreement between the Participants who have not withdrawn will be subject to the condition that the residual shares bound by the Agreement represent in total at least 30% (instead of 33% as foreseen previously) of the capital held of Pirelli & C. in ordinary shares.

As a consequence of the above, the Participants of the Shareholder Agreement of Pirelli & C. SpA shares and the numbers of shares bound are as follows:

Agreement Participants Number of shares  conferred % of total shares  conferred % of total ordinary shares issued
CAMFIN S.p.A. 63,369,168 42.24% 13.32%
MEDIOBANCA S.p.A. 21,922,205 14.61% 4.61%
EDIZIONE S.r.l. 21,921,364 14.61% 4.61%
ASSICURAZIONI GENERALI S.p.A. (*) 20,977,269 13.98% 4.41%
FONDIARIA – SAI S.p.A. 8,802,913 5.87% 1.85%
INTESA SANPAOLO S.p.A. 7,683,568 5.12% 1.62%
SINPAR S.p.A. 3,015,320 2.01% 0.63%
Massimo MORATTI (**) 2,343,392 1.56% 0.49%
Total 150,035,199 100% 31.54%
(*)   of which  5,218,181 shares through Generali Vie S.A.and 7,525,388 shares through Assitalia S.p.A.
(**) through CMC S.p.A. (of which 1,838,459 placed in fiduciary trust with Cordusio Società fiduciary for shares).

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