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General

Telecom Italia appoints Recchi as chairman in board shake-up

Thursday 17 April 2014 | 09:50 CET | News
Telecom Italia shareholders have appointed Giuseppe Recchi as chairman after an 11-hour meeting that also saw the company placed in charge of independent directors for the first time. Although Recchi was the candidate of Telco SpA, the Telefonica-led group that holds a controlling 22.4 percent stake in Telecom Italia, he has no ties with it and can therefore be classified as an independent, along with most of the 13 directors appointed yesterday for a three-year term. Telco got backing for three directors in the first round of voting and another seven in the second round, while mutual funds

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Categories: General
Companies: Telecom Italia / Telefonica
Countries: Italy
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