Pirelli’s Camfin Nominates New CEO As It Tightens Grip on Tiremaker

Pirelli (PIRC.MI) investor Camfin has proposed Andrea Casaluci as the new CEO of the Italian tyremaker, promoting him from a general manager role days after the Italian government intervened to limit Chinese influence on the company.

The nomination of Casaluci on Tuesday comes as Pirelli deputy CEO Giorgio Bruno, who had been lined up for the top job, decided to pursue his own business interests, Camfin said in a statement.

Source: Reuters