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General

Ex-Ferrari head could replace TIM chairman Recchi - report

Tuesday 28 March 2017 | 08:57 CET | News
Luca Cordero Di Montezemolo, the former chairman of Italian sports car maker Ferrari, could end up replacing Giuseppe Recchi as chairman of Telecom Italia (TIM) in a board reshuffle, according to unnamed sources cited by Bloomberg. Montezemolo could be nominated by TIM's largest shareholder, Vivendi, as part of a plan to give current CEO, Flavio Cattaneo, even more power, said the sources. TIM's investors have until 09 April to file board nomination proposals ahead of the company's 04 May annual meeting, with the report's sources suggesting Vivendi may look to oust Recchi as part of a

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