MILAN, Italy (July 11, 2014) — Six executives with or associated with Russia’s Rosneft Oil Co. have been appointed to the board of directors of Pirelli & C. S.p.A.
Rosneft and a series of allied companies acquired in March what amounts to a 13-percent stake in Pirelli.
The new board members are:
Igor Sechin, president of Rosneft and chairman of Rosneft’s management board; Didier Casimiro, vice president for commerce and logistics at Rosneft; Andrey Kostin, president and
chairman of the management board and a member of the supervisory council of VTB Bank; Ivan Glasenberg, CEO of Glencore Xstrata P.L.C.; Petr Lazarev, financial director at Rosneft; and Igor Soglaev, president, C.J.C.S. Novokuibyshevskaya Petrolchemical Co.
These individuals replace board members Claudio Sposito, chairman and CEO of Clessidra SGR S.p.A.; Riccardo Bruno, a directof of Clessidra; Piero Alonzo, technical adviser of the Tribunal di Roma; Emiliano Nitti, general counsel, Clessidra; Luciano Gobbi, Pirelli’s chief financial officer; and Enrico Parazzini, CEO of Camfin S.p.A., who tendered their resignations.
Pirelli did not elaborate on the reasons for the changes.
With the threat of more tariffs looming, how concerned are you about a trade war?
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