September 20 (SeeNews) - Pirelli Tyres Romania, a subsidiary of Italy's Pirelli Group, said on Wednesday it had named Wolfgang Meier as its new CEO.
Wolfgang Meier is replacing Giuliano Menassi, who moved to the position of R&D senior vice president in the group, Pirelli Romania said in a press release.
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Meier has an experience of 22 years in the group and held different positions in the company such as head of HR&Purchasing in Germany, head of HR&Manufacturing Engineering in the UK and head of HR Pirelli Technology Headquarter.
Aside from the new CEO mandate, Meier will keep his role as head of HR in Germany.
In October, Pirelli Tyres Romania said that it plans to invest 200 million euro ($240 million) at its tyre plant in Slatina, in southern Romania, by 2021 in order to increase production at the plant by 50%.
Pirelli plans to increase the plant's output to 15 million units per year from current 10 million, thus creating 500 new jobs.
The planned investment will take total investment by the Italian tyre maker in the Romanian plant to around 740 million euro.
The Pirelli Group entered Romania in 2004 when it established its subsidiary Pirelli Tyres Romania. The construction of the production plant, a greenfield investment, began in 2005 and the first tyres were manufactured in 2006.
($=0.8344 euro)