The Italian company returns to F1 to replace Bridgestone in a three-year deal after ratification from the World Motor Sport Council today.
“Pirelli has been selected as the single tyre supplier for the FIA Formula One World Championship for a period of three years, commencing in 2011,” read a statement by the FIA.
“The sole supplier will undertake to strictly respect the sporting and technical regulations implemented by the FIA.”
British-American firm Avon, and French company Michelin were also aiming to win the deal.
It is a shame for F1 that a deal could not be arranged to allow more than one company supply tyres again.
This year, the best race we had was with very different Bridgestone tyres. Factor in another team with two compounds and it provides much more variety, making both drivers and teams work harder to achieve their best result.
Michelin had been interested in a return after their departure in 2006, but only alongside another company.
A tyre war wasÃ¢â‚¬â€and would continue to beÃ¢â‚¬â€good for the sport, and it is a shame that a few people in powerful positions within the sport fail to act on that.
The new deal will be PirelliÃ¢â‚¬â„¢s fourth foray into F1, their last coming from 1989-1991 as competition to Goodyear, the sportÃ¢â‚¬â„¢s most successful tyre manufacturer.
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BIOGRAPHY: Nemanja Matic
BIOGRAPHY: Jesse Lingard