European Investor
08 Feb 2026, 15:38
Pirelli’s board of directors voted by a majority (9 in favor, 5 against) to support CEO Andrea Casaluci’s position that Cyber Tyre activities must remain fully integrated within the group and should not be compartmentalized, separated, or segregated, the company said on 5 February 2026.
The board agreed that separating the Cyber Tyre business would be unfeasible and would undermine Pirelli’s integrated business model by destroying synergies, increasing costs, weakening financial solidity, and eroding competitiveness. Management stressed that Cyber Tyre is a strategic technology in an automotive landscape increasingly defined by connected vehicles, software-defined architectures, and autonomous driving, where tyres have evolved into advanced systems that collect and transmit data in real time.
Pirelli highlighted that its Cyber Tyre technology is already used by leading prestige carmakers and can also interact with road infrastructure, supporting smart road services and network monitoring through existing agreements with the Apulia Region, Movyon (Autostrade per l’Italia group), and Anas. The company warned that fragmenting the business would limit access to key patents, slow technological development, and fail to address constraints stemming from U.S. regulations.
The board also acknowledged notifications submitted to Italy’s Golden Power Authority following the decision not to renew the shareholder agreement governing Pirelli with Sinochem Group, which expires in May 2026. Separately, shareholder CNRC notified authorities of proposals that include potential Cyber Tyre segregation and changes to board nomination mechanisms, subject to regulatory assessments on “critical technology” status and U.S. regulatory considerations.
The board agreed that separating the Cyber Tyre business would be unfeasible and would undermine Pirelli’s integrated business model by destroying synergies, increasing costs, weakening financial solidity, and eroding competitiveness. Management stressed that Cyber Tyre is a strategic technology in an automotive landscape increasingly defined by connected vehicles, software-defined architectures, and autonomous driving, where tyres have evolved into advanced systems that collect and transmit data in real time.
Pirelli highlighted that its Cyber Tyre technology is already used by leading prestige carmakers and can also interact with road infrastructure, supporting smart road services and network monitoring through existing agreements with the Apulia Region, Movyon (Autostrade per l’Italia group), and Anas. The company warned that fragmenting the business would limit access to key patents, slow technological development, and fail to address constraints stemming from U.S. regulations.
The board also acknowledged notifications submitted to Italy’s Golden Power Authority following the decision not to renew the shareholder agreement governing Pirelli with Sinochem Group, which expires in May 2026. Separately, shareholder CNRC notified authorities of proposals that include potential Cyber Tyre segregation and changes to board nomination mechanisms, subject to regulatory assessments on “critical technology” status and U.S. regulatory considerations.