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General

Telecom Italia CEO resigns following KKR takeover bid, TIM Brasil CEO named general manager

Monday 29 November 2021 | 08:39 CET | News
Telecom Italia (TIM) announced the resignation of its CEO Luigi Gubitosi following a board meeting held to discuss the EUR 10.8 billion takeover offer launched by US investment fund KKR. In a statement, TIM said the current chief executive of its TIM Brazil unit, Pietro Labriola, has been appointed general manager to "ensure the absolute continuity and stability of company management", with current chairman Salvatore Rossi taking on Gubitosi's remaining powers, including responsibility for managing TIM's assets and activities of strategic importance for the national defence and security

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