(Alliance News) - Pirelli & C. Spa announced Tuesday that Bai Xinping has resigned from the board of the company he joined seven years ago.

The resignation will be effective Feb. 22, when the board will co-opt a new director. Xinping is leaving after taking on new responsibilities in the Sinochem Group.

Pirelli & C. stock closed Tuesday up 1.1 percent at EUR4.70 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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