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Paolo Pininfarina elected Chairman at Pininfarina SpA

Thu, 14 Aug 2008

Paolo Pininfarina has been unanimously elected to become Chairman of the Board of Directors at Pininfarina S.p.A., one of the roles previously occupied by his late brother Andrea Pininfarina.

The Board of Directors agreed to assign authority over the Group's design operations and Pininfarina Extra to Paolo Pininfarina and also elected to hand over the Group's communications to his sister Lorenza Pininfarina, the Provisional Deputy Chairperson.

There has been much speculation about the company's future following the untimely death of CEO Andrea Pininfarina in a traffic accident last week. Paolo Pininfarina has vowed that the company will continue the ventures currently in the pipeline.

"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 our company," he said.

Pininfarina currently has a contract to design and build an electric car with French electronics manufacturer Bolloré as well as plans to open a research, design and engineering center in Pune, India - a project backed by Tata - by the end of this year.

Related Article:
Andrea Pininfarina dies in traffic accident