Common use of Pirelli CEO and Executive Vice Chairman - Significant Matters Clause in Contracts

Pirelli CEO and Executive Vice Chairman - Significant Matters. The New Shareholders Agreements provides that Xx. Xxxxx Xxxxxxxxxx Provera will be the CEO and Executive Vice Chairman of Pirelli for the entire duration of the New Shareholders Agreement. The Pirelli CEO and Executive Vice Chairman shall be vested with the power and authority concerning the ordinary management of Pirelli and of the Pirelli group on an exclusive basis, with the exclusion of the powers which fall within the exclusive competence of the Board of Directors (i.e., the powers referred to under Paragraph 5.1.3 above), as well as with the power to propose to the Board of Directors the adoption of the following resolutions:

Pirelli CEO and Executive Vice Chairman - Significant Matters. The New Shareholders Agreements provides that Xx. Xxxxx Xxxxxxxxxx Provera will be the CEO and Executive Vice Chairman of Pirelli for the entire duration of the New Shareholders Agreement. The Pirelli CEO and Executive Vice Chairman shall be vested with the power and authority concerning the ordinary management of Pirelli Xxxxxxx and of the Pirelli group on an exclusive basis, with the exclusion of the powers which fall within the exclusive competence of the Board of Directors (i.e., the powers referred to under Paragraph 5.1.3 above), as well as with the power to propose to the Board of Directors the adoption of the following resolutions: