"Prelios" will be the new name of Pirelli RE and Enrico Parazzini is appointed Managing Director Finance

The company’s new name will be Prelios. The change will take effect when the separation of Pirelli RE from Pirelli & C, disclosed to the market on May 4th, is finalized.

Enrico Parazzini is the new Managing Director Finance

Pirelli & C. Real Estate’s Board of Directors also co-opted and appointed Enrico Parazzini to act as Managing Director Finance following the resignation of Claudio De Conto, who held the same position, which the Board acknowledged during today’s session. The Board of Directors, the Chairman Marco Tronchetti Provera and the entire management team thank Claudio De Conto for the work done and the results achieved while in Pirelli RE – specifically the successful contribution he made to the Company’s turnaround and restructuring – as well as for his long professional career as part of the Pirelli Group begun in 1988. The experience and expertise of Enrico Parazzini, who will be joining top management to work alongside the Chief Executive Officer Giulio Malfatto, will ensure continuity in Pirelli RE’s financial management and the necessary support in the implementation of the business plan.