ROME (Reuters) – Giorgio Bruno, who was the designated new CEO of Italian tyremaker Pirelli, is leaving the company, shareholder Camfin said on Tuesday, confirming earlier press reports.
Camfin, the holding company of Pirelli’s longtime CEO Marco Tronchetti Provera, said it would instead propose the appointment of Andrea Casaluci as chief executive.
Camfin also said it would indicate Tronchetti Provera as executive vice chairman.
Bruno is leaving to pursue his own business activities, the statement added.
The appointments are due to be approved at a shareholders’ meeting scheduled to take place by the end of July.
(Reporting by Gianluca Semeraro, writing by Alvise Armellini; Editing by Keith Weir)