Telecom Italia BoD likely to appoint Luigi Gubitosi as CEO - report (translated)
17 NOV 2018
The board of directors of Telecom Italia [BIT:TIT] (TIM) is likely to appoint Luigi Gubitosi as its CEO, Italian language daily Il Sole 24 Ore reported. The unsourced report said that TIM board member now has the advantage over the other frontrunner Alfredo Altavilla, who has been asked not to stand for the post in order not to split the majority faction on the board headed by investment fund Elliott.
The report noted that most of the Elliott slate prefers Gubitosi.
The report also noted that deputy Prime Minister Luigi di Maio has said that the Italian government has no preference over who will be TIM's CEO.
The TIM board will discuss the appoint of the new CEO tomorrow 18 November.