Pirelli Board Backs CEO Casaluci, Rejects Cyber Tyre Segregation Amid Shareholder Pact Lapse

Reuters

Feb 06

Pirelli Board Backs CEO Casaluci, Rejects Cyber Tyre Segregation Amid Shareholder Pact Lapse

The Board of Directors of Pirelli & C. S.p.A. met and, by a majority of 9 votes to 5, agreed with CEO Andrea Casaluci’s assessment that the Cyber Tyre activities should continue to be fully integrated within the Pirelli Group, rejecting any proposals for compartmentalization, separation, or segregation of the business. The Board emphasized that segregation of Cyber Tyre would undermine the company’s integrated business model, destroy competitiveness, and reduce financial solidity. Additionally, the Board acknowledged notifications submitted to Italian authorities regarding the failed renewal of the shareholder pact with Sinochem Group, which expires on 18 May 2026, as required by the Golden Power Decree. The Board also noted CNRC’s notification to authorities about the failed renewal of the shareholder agreement and proposals regarding potential corporate segregation of the Cyber Tyre business and changes to the Board nomination mechanism, both subject to further evaluation and legal conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pirelli & C. S.p.A. published the original content used to generate this news brief on February 05, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pirelli & C. S.p.A. published the original content used to generate this news brief on February 05, 2026, and is solely responsible for the information contained therein.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1116":"电气部件与设备","03919":"金力集团"},"translate_title":"倍耐力董事会支持首席执行官卡萨卢奇，拒绝因股东协议失效而进行网络轮胎隔离","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03919":0.9},"content_text":"Pirelli Board Backs CEO Casaluci, Rejects Cyber Tyre Segregation Amid Shareholder Pact Lapse\n    \n\n        The Board of Directors of Pirelli & C. S.p.A. met and, by a majority of 9 votes to 5, agreed with CEO Andrea Casaluci’s assessment that the Cyber Tyre activities should continue to be fully integrated within the Pirelli Group, rejecting any proposals for compartmentalization, separation, or segregation of the business. The Board emphasized that segregation of Cyber Tyre would undermine the company’s integrated business model, destroy competitiveness, and reduce financial solidity. Additionally, the Board acknowledged notifications submitted to Italian authorities regarding the failed renewal of the shareholder pact with Sinochem Group, which expires on 18 May 2026, as required by the Golden Power Decree. 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