Pirelli: shareholders vote in favour of the Camfin-Mtp list; Tronchetti set to become the next chairman

With its Chinese shareholders sidelined and its governance structure overhauled, Pirelli now has a clear path into the US market: Marco Tronchetti Provera returns to lead Pirelli as chairman, with Andrea Casaluci at his side as chief executive. This is the outcome of the shareholders’ meeting of the Bicocca-based group, which saw the list put forward by Camfin/Mtp (led by Tronchetti Provera, with Casaluci in second place), which was supported by approximately 58.07% of the share capital represented at the meeting, at which 81.44% of the voting share capital was present.

It will, of course, be the new board of directors (to be convened on 30 June) that will decide on the company’s governance structure and, in particular, on the appointment of the chairman and the chief executive officer. But the shareholders’ meeting has made its position clear. The board of directors will remain in office from 2026 to 2028. The other list, put forward by Marco Polo International Italy (MPI), received the votes of around 41.9 per cent of the share capital present. The Chinese state-owned group Sinochem – which, through MPI, is Pirelli’s largest shareholder (34.1 per cent) – will have only three members on the board, as required by the Golden Power provisions. The three names put forward by the Chinese shareholder are Zhang Haitao, already on the board, along with Xi Xiaohong and Wang Kun as independent directors. The remaining 12 directors will thus be drawn from the MTP/Camfin list, which also includes three independent directors (Roberto Diacetti, Moroello Diaz della Vittoria Pallavicini and Costanza Esclapon) nominated by the Management Committee.