The Board of Directors of Pininfarina
met this morning for the first time since
the of Andrea Pininfarina and announced that
his brother Paolo Pininfarina has been
appointed Chairman, two years after he took
up the Deputy Chairman's job.
The Board of Directors of Pininfarina S.p.A. met this
morning for the first time since the tragic demise of Andrea
Pininfarina, to whom his brother Paolo Pininfarina paid
homage with the following opening remarks: “Meeting today
for the first time without your leadership, I join my
sister, the entire Board of Director and the Board of
Statutory Auditors in beginning our meeting by expressing,
before your wife, your children and your parents, our
heartfelt and full appreciation for those values of
integrity, humility and loyalty that you always embraced
with great determination and courage, and with the reserved
demeanor of a man focused on results. These same value were
emphasized by His Eminence the Archbishop Severino Cardinal
Poletto in his homily and in the deeply moving address
delivered yesterday by your children. The Board of Directors
of Pininfarina embraces these values so that Pininfarina may
always follow your high example without reservations and to
ensure that these values continue to be the principles
guiding the Company as it pursues growth and success along
the path that your have so clearly defined.”
behalf of our family,” added Lorenza Pininfarina, “I would
like to thank everyone — employees, customers, partners,
public institutions and the public at large — for their
great expression of solidarity and mourning, through which
they demonstrated the widespread and deep respect that my
brother Andrea enjoyed both as a man and as an entrepreneur
with a high sense of personal and institutional commitment
to fostering the growth and development of the Pininfarina
Group and Italian industry in general.”
Upon a motion by Lorenza Pininfarina, the Board of
Directors of Pininfarina S.p.A. unanimously elected Paolo
Pininfarina Chairman of the Board of Directors.
The Board of Directors also appointed Lorenza Pininfarina
Provisional Deputy Chairperson and coopted and appointed to
the Board Silvio Angori and Gianfranco Albertini, Chief
Operating Officer and Chief Financial Officer of Pininfarina
S.p.A., respectively, who accepted.
The Board of Directors then agreed to assign authority over
the Group’s design operations and Pininfarina Extra to Paolo
Pininfarina, the Company’s Chairman, and over the Group’s
communications to Lorenza Pininfarina, the Provisional
In addition, the Board of Directors granted to Silvio
Angori authority over all operating activities, including
the implementation of the industrial plan and oversight over
all Group companies with the exception of Pininfarina Extra,
while confirming his assignment as General Manager. Lastly,
it granted to Gianfranco Albertini authority over finance
and accounting, while confirming his assignment as Chief
Financial Officer. The Board of Directors reserved the right to decide
jointly any issues of special significance for the Group.
In addition to the abovementioned Directors, the Board of
Directors includes, Sergio Pininfarina, Honorary Chairman,
and Elisabetta Carli, Mario Deaglio, Edoardo Garrone and
In closing, Paolo Pininfarina, the Board’s new Chairman,
said: “As a strong sign of a continuity that dates back 75
years, our family has assumed full, direct responsibility.
Together with the Board, we provided an immediate response
to the tragic emergency of the passing of my brother Andrea
by placing our confidence in the people who worked with my
brother in developing an industrial and financial plan that
has received the support of qualified industrial partners
and financial institutions. Together with the Board, I am
committed to ensuring that the development plan defined by
my brother is implemented with the expected timing and
modalities with the goal of strengthening every component of
Turin on August 28, 1958.
After graduating in Mechanical Engineering at Turin
Polytechnic he began his career in Pininfarina in
1982 and in 1983 gained experience working at
Cadillac in Detroit, USA, and then in Japan with
From 1984 to 1986 he was Quality and Reliability
Manager for Cadillac's Allanté project.
From 1987 to 1989 he was Program Manager at General
Motors for the Engineering GM 200 project.
In 1987 he was appointed Chairman and CEO of
Pininfarina Extra S.r.l., a Pininfarina Group
company operating in the industrial, furnishing,
architectural and nautical design sectors.
On May 12, 2006 he was appointed Deputy Chairman of
On August 12, 2008 he was appointed Chairman of
At the Pininfarina S.p.A. parent company he became a
board member in 1988, from 2002 he has been a member
of the Steering Committee and, again starting 2002, in his capacity as the
head of the Quality System Department he contributed
to the award of ISOTS/16949 certification to the
Company, which took place in July 2003.
From 1999 to 2004 he has been a member of the
Scientific Committee of Turin's European Institute
In 2001 he became "Emeritus Participating Founder"
of the ADI Foundation for Italian Design.
Under his management, in a twenty-year period
Pininfarina Extra has developed over 300 projects
and has consolidated relationships with prestigious
international companies like Alenia Aeronautica,
Jacuzzi, Lange, Lavazza, Gancia, Motorola, Primatist,
Snaidero and 3M.