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General

TIM board to hold 18 November meeting on new CEO

Friday 16 November 2018 | 11:07 CET | News
Genish was stripped of his executive powers earlier this week after he reportedly lost the support of US activist fund Elliott Management, TIM's second-largest shareholder, which seized control of the operator's board from Vivendi in May. The former CEO described his sacking while he was away on business in South Korea as a Soviet-style putsch, telling Italian daily La Stampa that he "had been caught in the crossfire between Vivendi and Elliott", and that he was concerned about Elliott's plan to break up the company.

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