(ANSA) - MILAN, JAN 16 - The CEO of Vivendi, Arnaud de Puyfontaine, has resigned from Tim's board of directors.
The step backwards, which does not preclude a disengagement of the French from the telephone group, was accompanied by the request for discontinuity in the board of directors, in the light of Vivendi's dissatisfaction with the president Salvatore Rossi, judged not impartial.
"Until a new season opens for Tim, Arnaud de Puyfontaine wishes to devote all his energies in his capacity as CEO of Vivendi, Tim's largest shareholder since 2015, with the aim of re-establishing a growth path for Tim and to see adequately recognized the real value of the company and its network", say sources close to the French, who have always attributed to Tim's network a much higher value than that recognized by Cdp.
But leaving the council will also allow de Puyfontaine to move with greater freedom, in a particularly delicate negotiating phase, which sees the government committed to defining its objectives for the country.
"In this phase of dialogue between Tim's main shareholders and the government, it is essential that all interested parties be free to operate constructively and transparently in the interests of Tim and all of his shareholders", explained Paris.
From which it is reiterated that Vivendi remains "a long-term investor" and "strongly confirms its industrial interest in Tim and its willingness to undertake further industrial operations in Italy".
(HANDLE).
