MILAN, Italy (May 10, 2012)—Pirelli Tyre S.p.A. CEO Francesco Gori is leaving the Milan-based tire maker, but he did not disclose his reasons for leaving the company after 33 years or his immediate plans.
Gori announced his departure at the annual meeting today of Pirelli & Co. S.p.A., Pirelli Tyre's parent. He is managing director of Pirelli & Co.
Gori, five days shy of his 60th birthday, will be bound by a three-year non-compete agreement, Pirelli said. Pirelli did not disclose who, if anyone, would replace Gori.
A native of Florence, Italy, Gori joined Pirelli in 1978 in the firm's motorcycle tires business and moved steadily up through the company's sales and marketing ranks.
In 1990 he moved to the car tire side of the business, first as business manager, then director of product planning and strategy; director of business development; and sales and marketing director in 1999.
In 2001 he was appointed general manager of the firm's tire sector, and in July 2006 advanced to CEO of Pirelli Tyre.
He also was president of the European Tyre & Rubber Manufacturers Association from 2006-11.