ROME, Georgia, Feb. 24, 2004 – Pirelli Tire Inc. has named
Anthony Ensor as Vice President and General Manager of Pirelli Tire
Inc., taking over the duties of Nicola Ruccolo, who is leaving at
the end of April to pursue other interests. A native of Canada, Mr.
Ensor is returning to Pirelli’s Canadian operations where he began
his career in 1985. Most recently, he has spent the past decade in
various Pirelli European assignments including Italy, Germany and
England.

Known as Nicky by his numerous Pirelli co-workers and industry
friends, Ruccolo is departing Pirelli after 28 years of service in
both the Canadian and American operations of Pirelli. He held the
position of President of Pirelli Tire Inc. since 1996 and has
strongly contributed to the growing success of the
organization.

“On behalf of Pirelli, I would like to thank Nicky for his many
contributions to the success of the company in North America,” said
Gaetano Mannino, President and CEO of PTNA. “He will be missed. But
we are also looking forward to the return of Anthony Ensor to
Canada and a continuation of the strong growth initiated by Nicky
in our neighbor to the North.”

Pirelli Tire North America specializes in the manufacture and
marketing of high-performance car, light truck and motorcycle tires
and currently has three of its highly advanced MIRS (Modular
Integrated Robotized System) modules in operation in a new factory
near Atlanta, Georgia, to better serve the American OEM and
Replacement markets. For more information, visit the Company’s web
site at: www.pirelli.com.