Telecom Italia Turnaround in Peril as CEO Clashes With Vivendi [Bloomberg Business News]
TELECOM ITALIA (TI.A)
US:NYSE Investor Relations:
telecomitalia.com/tit/en/investors.html
Company Research
Source: Bloomberg Business News
Mounting tensions between Telecom Italia SpA’s chief executive officer and its biggest shareholder, Vivendi SA , are threatening to bog down the carrier’s turnaround progress and put an early end to Flavio Cattaneo’s 16-month tenure. Cattaneo is negotiating a possible exit after the dispute escalated in recent weeks, according to people familiar with the matter. Cattaneo is concerned that he can no longer manage Italy’s largest phone carrier the way he wants, and doesn’t want to risk tarnishing his image and reputation by staying, said the people, who asked not to be identified discussing private talks. Vivendi, meanwhile, is unhappy with the CEO’s recent politically charged comments, the people said. The most important market news of the day. Get our markets daily newsletter. Cattaneo, a media-industry veteran, came on in March 2016 with Vivendi’
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