Former TIM CEO Bernabe named chairman of Spain's Cellnex

News General Spain 25 JUL 2019
Former TIM CEO Bernabe named chairman of Spain's Cellnex

Spanish towers operator Cellnex has announced the appointment of former Telecom Italia (TIM) CEO Franco Bernabe as its new non-executive chairman, replacing another ex-TIM CEO, Marco Patuano, who stepped down last month. Bernabe was chairman of Italian payment systems leader Nexi until February 2019, and has also chaired the GSMA and been chief executive of state oil company Eni.

He joins the Cellnex board of directors as a proprietary director representing ConnecT, the investment vehicle backed by the Edizione holding of Italy’s Benetton family (60%) and the sovereign funds of Singapore (20%) and Abu Dhabi (20%). Edizione last year acquired a 29.9 percent stake in Cellnex from Abertis as part of its takeover by Italy’s Atlantia and German builder Hochtief.

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