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In 2015, China National Chemical Corp. Ltd. took controlling interest of Pirelli; with the Chinese state-owned company agreeing to maintain the tyre company's ownership structure until 2023. Pirelli has been sponsoring sport competitions since 1907 and is the exclusive tyre partner and supplier for the Grand-Am Rolex Sports Car Series for 2008 ...
He was the chief executive officer of Pirelli & Co. S.p.A. from 1992 [1] to 2022 [2] and its executive vice chairman since October 20, 2015. He is the chairman of Marco Tronchetti, Provera & C. S.p.A., a holding that he controls and which indirectly holds 50% of Camfin S.p.A. (where he was Chairman until December 2013).
After restructuring the organisation of the group's internal activities, the company decided to sell down its investment in the cable market. The figure negotiated was EUR 1.3 billion: Goldman Sachs gave Pirelli 225 million and the rest (more than one billion) was a debt that would be paid off the back of the new business. [10]
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Choosing a structure for a company is an important decision and must be strategically thought out because it could either aid or harm the making of business. The structure must also be a good fit for the type of activities, goals, and vision of the company. [3] The organizational structure is a reflection of how conveniently business is conducted.
He was the head of Fiat from 1966 to 2003 and made the company into the most important company in Italy and one of the major car builders of Europe. Gianni was a Fiat CEO. By 1956 he had become the "richest businessman in modern Italian history". [3] In the 1960s and 1970s Fiat produced millions of modest cars including tiny 500 and 600 hatchbacks.
Pirelli joined Pirelli as a member of the Pirelli SpA board in 1954 and appointed deputy chairman serving from 1956 to 1965. He served as its president from 1965 to 1996. In 1992, he remained chairman but let his son-in-law, Marco Tronchetti Provera, take over as managing director and executive deputy chairman. [2]
His tyre company Pirelli have also been the main shirt sponsor of neighbouring club Inter Milan for 27 years since the 1995–96 season up until the 2021–22 season, when the club signed a partnership with fan engagement platform Socios.com.