MILAN -- Pirelli CEO Marco Tronchetti Provera will propose Angelos Papadimitrou, the current head of packaging machines maker Coesia, as general manager and co-CEO under succession plans due to be completed by 2023, the group said on Wednesday.
Papadimitrou, who will report to Tronchetti Provera, has previously worked for pharmaceuticals group GlaxoSmithKline and as head of the board of foreign investors at industry lobby group Confindustria.
A candidate to succeed Tronchetti Provera, who has led the Italian tire maker since 1992, will be formally selected by October 2022 and proposed by the first half of 2023, the company said.
The creation of the office of general manager and co-CEO will be proposed at a board meeting on July 23 and has already been shared with the chairman of the board Ning Gaoning and with board members, the company said.
