Mumbai, Jan. 22 -- Pirelli announced that the Board of Directors at a meeting shared the intention to proceed with the consensual resolution of work relationship with General Manager co-CEO Angelos Papadimitriou.

In particular, Papadimitriou wanted to evaluate a pathway in line with his experience with entrepreneurial elements. He also expressed interest to continue his role on the board and the strategies committee.

The board approved the proposal and immediately launched a process to identify a figure on the market who will support the execution of the next Strategic Plan, with an enhancement of the internal management.

The board also expressed its thanks to Papadimitriou for his contribution. The board will also examine the terms an...