10 Oct 2022
Li Fanrong proposed for the position as Ning Gaoning steps down
Milan, Italy – Pirelli & C. SpA has announced that its chairman of the board of directors, Ning Gaoning has stepped down from his position, effective 8 Oct.
The move is a result of Gaoning’s resignation from the role of chairman of Sinochem Holdings Corp., Pirelli’s Chinese state-owned parent company.
Pirelli added 8 Oct that Sinochem's new chairman Li Fanrong will “accept his eventual appointment by 'co-optation' onto the board of directors of Pirelli as well as for the role of chairman of the company.”
Pirelli executive vice chairman and CEO Marco Tronchetti Provera is to convene a board meeting to propose the 'cooptation' of Li Fanrong and his subsequent nomination as chairman of the board of directors.
As of 8 Oct, Ning Gaoning does not hold shares and/or other financial instruments issued by Pirelli, the Italian tire group stated.
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