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General

Elliott list secures two-thirds of Telecom Italia's board

Friday 4 May 2018 | 15:01 CET | News
A list of 10 candidates presented by activist fund Elliott Management has secured two-thirds of Telecom Italia's board seats following a shareholder vote held on 04 May. A total of 49.84 percent of the shareholders present at the meeting voted in favour of the Elliott list, while 47.18 percent voted in favour of Vivendi's list. In a statement, TIM confirmed that all 10 of Elliot's independent directors were appointed, to be joined by 5 Vivendi-nominated directors, including current TIM CEO Amos Genish and Vivendi CEO Arnaud de Puyfontaine.

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
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