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Tim, CEO Gubitosi resigned

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Luigi Gubitosi remitted the powers to the board of directors and the hypothesized scenario took shape with an interim of the president Salvatore Rossi, who would be delegated as CEO and the position of general manager would pass to Pietro Labriola. Gubitosi remains on the board as a director. It is learned from financial sources. The manager has decided to take a step back after the announcement of a friendly takeover bid by the American fund Kkr: an operation that met with firm opposition from the French of Vivendi, the former monopolist’s first shareholder.

The board of directors lasted almost 6 hours: on the board also the crux of accounts and strategies to restart the group.

«Well the abandonment of the proxies by Gubitosi, unthinkable that it would go on despite negative results and unfulfilled forecasts. Now ahead in the name of the protection of the national interest: no sale of parts of the company, protection of the public network, protection of investments and employment, no surrender to foreign financial interests. I will meet all the trade unions on Wednesday. Meanwhile, Consob is watching over the performance of the stock, purchases, sales and speculations »said the leader of the League, Matteo Salvini.

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