Table of Contents:
Amendments to Pirelli’s Articles of Association
The extraordinary and ordinary meeting of Pirelli’s shareholders took place at the Marchetti studio in Milan, leading to significant decisions regarding the Articles of Association of the historic company. With a shareholding of 81.72% of the capital entitled to vote, the shareholders have expressed their consent to important changes that will affect
the future of the company.
Details of approved changes
During the meeting, the amendment to articles 7 and 8 of the Statute was approved. These changes establish that the participation in the shareholders’ meeting and the exercise of the right to vote must take place exclusively through a designated representative, after resolution of the board of directors. This decision received the approval of more than 79% of the capital represented, evidencing a broad consensus among shareholders
.
Implications for shareholders and corporate governance
The new provisions could have a significant impact on Pirelli’s corporate governance. By limiting direct shareholder participation, the company aims to simplify the decision-making process and ensure greater efficiency at meetings. However, this choice raises questions about transparency and shareholder participation, who may feel less involved in crucial decisions affecting
their company.
The context of the 2025-2029 Strategic Plan
In a wider context, these statutory changes are part of a period of transformation for Pirelli, which is trying to adapt to the challenges of the global market. The Ferrovie dello Stato Italiane Group, for example, recently presented an ambitious Strategic Plan 2025-2029, with expected investments of more than 100 billion euros. This plan aims to contribute to the country’s development and to consolidate Europe as a domestic market, focusing on innovation, sustainability and the centrality of people. Pirelli, therefore, is faced not only with its internal challenges, but also with a rapidly evolving competitive environment
.
