Pirelli CEO-Designate Giorgio Bruno to Leave Company
- Bruno had been set to be next CEO in Camfin, Sinochem pact
- Italy used ‘Golden Power’ measures to limit China’s influence
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The designated successor to Pirelli & C. SpA Chief Executive Officer Marco Tronchetti Provera will leave the company days after the Italian government ruled that the tiremaker’s biggest Italian shareholder can name its next CEO, according to a statement Tuesday confirming an earlier report by Bloomberg.
Deputy CEO Giorgio Bruno, 63, had been a joint choice to take the reins at the Formula 1 tiremaker after a new board is appointed later this year — he was proposed by Tronchetti’s Camfin SpA holding as the CEO’s successor, though he was also part of a board slate nominated by the company’s top investor, China’s Sinochem International Corp.