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Tim: Gubitosi steps aside, delegates to Rossi and Labriola

2021-11-26T21:53:11.163Z

Cda Fiume, also accounts and strategies on the table (ANSA) Tim's CEO Luigi Gubitosi takes the step back that he had announced, does not resign but puts the powers back to the board. In a long and fiery meeting, which lasted almost 6 hours, the solution found to unblock the Kkr dossier is to temporarily entrust the powers he had as CEO to the president Salvatore Rossi and replace him in the position of general manager with Pietro Labriola, former CEO by Ti



Tim's CEO Luigi Gubitosi takes the step back that he had announced, does not resign but puts the powers back to the board. In a long and fiery meeting, which lasted almost 6 hours, the solution found to unblock the Kkr dossier is to temporarily entrust the powers he had as CEO to the president Salvatore Rossi and replace him in the position of general manager with Pietro Labriola, former CEO by Tim Brasile, also entrusting him with the mandate to open the data room and deal with the American fund. On the stock market, the stock remained steady at 48 cents in a stormy session for the rest of the list. The data room could open as early as Monday and the 4 weeks foreseen by the expression of interest will be used by the Board to give an opinion on the proposal.According to the rumors circulated, it would foresee the spin-off of the network to offer it 'on term' to CDP after a few years, once the process is completed. And it is indicative to remember that it was Pietro Labriola in 2013, when it was Franco Bernabè, who prepared a study for the separation of the network. On the board of the board there was also the crux of the accounts with the findings brought by the board of statutory auditors and the risk committee that would have found a deviation of a few hundred million euros in terms of revenues, largely linked to the disappointing results of the partnership with Dazn.On the board of the board there was also the crux of the accounts with the findings brought by the board of statutory auditors and the risk committee that would have found a deviation of a few hundred million euros in terms of revenues, largely linked to the disappointing results of the partnership with Dazn.On the board of the board there was also the crux of the accounts with the findings brought by the board of statutory auditors and the risk committee that would have found a deviation of a few hundred million euros in terms of revenues, largely linked to the disappointing results of the partnership with Dazn.

On the other hand, the unions remain on a war footing and for Monday confirm the unitary mobilization in defense of Tim's workers, with a garrison at the Mise and in front of the prefectures of all Italy.

The company will meet them on December 1st and Matteo Salvini also says he wants to meet them and is the first to comment on Gubitosi's step backwards.

"Now ahead in the name of the protection of the national interest: no sale of company parts, protection of the public network, protection of investments and employment, no surrender to foreign financial interests. Meanwhile, Consob watches over the performance of the stock, on purchases, sales and speculation "says the leader of the league. 

Source: ansa

All life articles on 2021-11-26

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