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General

Vivendi secures two-thirds of Telecom Italia board

Friday 5 May 2017 | 08:37 CET | News
French media giant Vivendi has succeeded in having its list of 10 candidates appointed to the 15-member board of Telecom Italia (TIM), with Italian fund association Assogestioni appointing the remaining five board members. A meeting of the Italian company's shareholders approved the slate of candidates submitted by Vivendi by a whisker – 49.3 percent of the vote against 49.0 percent who voted for Assogestioni's list – while also agreeing to cut the number of board members from 17 to 15. The new board now has to decide whether to replace current TIM chairman Giuseppe Recchi with Vivendi chief

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