Rome, November 26, 2021 – Tim’s leadership change. Luigi Gubitosi he resigned the powers of CEO and left the position of general manager. It can be read in a company note at the end of a long one Board of Directors summoned in extraordinary session. The Board of Directors has decided that the powers of director pass to the president Salvatore Rossi and named new general manager the number one of Tim Brasil Pietro Labriola.
In the past few hours Gubitosi had put his resignation on the table to allow “a serene and rapid” evaluation of the acquisition proposal by the fund Kkr. In the letter sent to the board yesterday, the manager referred to the sender the accusations of being the prime mover of the operation, “out of place and false”, which “must not be used instrumentally to slow down the process of examining the indication of interest, an attempt by which I disagree clearly “and he said to himself ready to step aside.
Gubitosi, who owns 3,957,152 shares of Tim, remains board member.
The offer Krr
The Board of Directors took time on the Krr offer instead. “Reserving the right to evaluate each strategic option in the interest of the company and the stakeholders – reads the press release – it set up, on the proposal of the Control and Risks Committee an ad hoc Committee consisting of the Chairman of the Board of Directors and four Independent Directors: the Lead Independent Director and the Directors Paolo Boccardelli, Marella Moretti and Ilaria Romagnoli “. will arrange to appoint, all the preliminary activities preliminary to the analysis of the content of the non-binding Exhibition. The activities and investigations of the committee will be conducted according to best practices in order to allow the Board to fully assess the scope, content, conditions and consequences of the non-binding Event, as well as mature and take, in an adequately informed manner, the decisions in report to the same to the extent of its competence “.
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