Pirelli shareholders name Bruno as future CEO

Milan, Italy – Pirelli investors have indicated that current co-CEO Giorgio Luca Bruno is expected to take over the position of chief executive at the Italian tire maker as of spring next year.

The announcement was made 16 May as China National Chemical Corp. (ChemChina), China National Tire & Rubber Corp. (CNRC), Camfin SpA and Marco Tronchetti Provera renewed shareholder pact with regards to the governance of Pirelli.

As a result, Marco Tronchetti Provera will continue as executive vice chairman of Pirelli until spring 2026, while Bruno is indicated as the next CEO, to take over following the company’s renewal of board in spring 2023.

Tronchetti Provera will have the power to guide group strategy and oversee the implementation of the Pirelli business plan.

Bruno will be responsible for the operational implementation of the group’s strategies.

The former Prometeon chief joined the Pirelli board in March last year.

According to Pirelli, Bruno has “significant managerial experience in complex financial and industrial contexts, including the tire industry.”

He holds a degree in company economics from Milan’s Bocconi University, and joined Pirelli in 2008 where he was in charge of corporate development and diversified businesses.

In 2013, he became the executive chairman of estate management company Prelios, which was subsequently divested. 

More recently, he dealt with the process of separating Pirelli’s industrial business into Prometeon Tyre Group (PTG), part of the ChemChina group. 

In 2017, he became the chairman of PTG and in January 2018 he became its CEO.

Pirelli's shareholder’s agreement will come into effect in the spring next year, and will be in place for a further period of three years until spring 2026.