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Ren Jianxin resigns as Pirelli Chairman

Ren Jianxin resigns as Pirelli Chairman

Ex chairman  of China National Chemical Corporation (ChemChina) Ren Jianxin has also resigned from all roles held on Pirelli’s Board of Directors.

Ren Jianxin retired from his posts as Chairman, Secretary of the Party Committee and director of ChemChina recently.

The tyre company said that Ren Jianxin is not recorded as having any shares and/or other financial instruments issued by Pirelli and that the attribution of indemnities or other benefits linked to the cessation of his role is not foreseen.

Following the announcement of Ren Jianxin’s resignation, Ning Gaoning, the new Chairman of ChemChina, has communicated to the Company his willingness to accept from now his eventual nomination for cooptation onto the Board of Directors of Pirelli as well as for the role of Chairman of the Company.

As a result of all the above, the Executive Vice Chairman and Chief Executive Officer, Marco Tronchetti Provera, will submit to the Board of Directors meeting scheduled for August 7, 2018 the proposal for the procedure of cooptation of Ning Gaoning and subsequently his nomination as Chairman of the Board of Directors.

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