New Telecom Italia chief presses stability to employees [Seeking Alpha]
TELECOM ITALIA (TI)
US:NYSE Investor Relations:
telecomitalia.com/tit/en/investors.html
Company Research
Source: Seeking Alpha
Luigi Gubitosi, the Elliott Management-backed director who's become CEO at Telecom Italia (NYSE: TI ), is emphasizing stability after a year marked by a pitched battle for the company between Elliott and top shareholder Vivendi ( OTCPK:VIVHY ). My goal is to give back Telecom Italia the stability that has been missing since time, he tells employees in a memo seen by Bloomberg. What we have in front of us is a complex but exciting challenge that will require strengthening the business, improving financial performance and making relations with stakeholders more fluid, he continues. Gubitosi was selected to take over after the ouster of Vivendi-favored Amos Genish, and he's likely to move the company toward steps to separate its fixed network from the rest of the company, a move Vivendi opposed. Previously: Ex-CEO of Telecom Italia blasts Singer as 'raider' (Nov. 21 2018) Previously: Telecom Italia +3.8% after CEO choice suggests new direction (Nov. 19 2018)
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