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Pirelli Appoints Paolo Ferrari Chairman and CEO of NAFTA Region

Rome, Georgia, February 14, 2012 – Pirelli has appointed Paolo Ferrari as Chairman and Chief Executive Officer of Pirelli’s NAFTA region with the goal of driving the group’s growth and further strengthening its commitment to its US, Canadian and Mexican operations.

Ferrari joins Pirelli from the Telecom Italia Group where, among other roles, he headed M&A and international business development. Before joining the telecommunications group, Ferrari held positions in investment banking and consulting.

Ferrari’s experience in cross-border management as well as his expertise in leading multinational operations will make a significant contribution to Pirelli’s growth in the region.

Matteo Battaini will focus on the role of NAFTA region Chief Operations Officer. Battaini’s 20 year experience in Pirelli and strong background in demand planning, supply chain and product management will prove essential in overseeing and maximizing the region’s operations necessary to support the aggressive growth plan.