Well-known Senior Executive Ranks Among The Management Of Major Tire Manufacturers

01-03-2023

A few days ago, Pirelli Tyre of Italy released its financial statements for 2022.


The company's sales for the year was 6.62 billion euros (about 48.4 billion yuan), up 24% year on year.


The adjusted EBIT was 9.8 billion euros (about 7.15 billion yuan), up 19.9%; Net profit was 435.9 billion euros (about 3.19 billion yuan), up 35.5%.


It is estimated that the sales volume in 2023 will be 6.6 billion - 6.8 billion euros, an increase of about 1%. Pirelli announced in the financial report that Wang Feng succeeded Bai Xinping, the company's director, and entered the board of directors.


The latter has officially resigned on February 14 and will take a new position in Sinochem Group. Next, Wang Feng will become a member of the Compensation, Nomination and Strategy Committee of the Board of Directors.


Wang Feng succeeded Bai Xinping as chairman of Aeolus Tyre in 2019. At the end of 2022, he was elected Chairman of China Chemical Rubber Co., Ltd.


According to him, in 2021, the total sales revenue of Fengshen and PTG ranked among the top three in the domestic industry; The total sales revenue of both and Pirelli ranks fifth in the world and first in China.

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