TIM confirms Genish as CEO, names Fulvi as chairman following Elliott boardroom coup

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(Telecompaper) Telecom Italia (TIM) has announced the reappointment of Amos Genish as its CEO and independent director Fulvio Conti as its chairman after activist fund Elliott succeeded in its bid to take control of the company’s board from leading shareholder Vivendi. In a statement, the operator said Conti, a former TIM manager and CEO of state-controlled utility Enel, would replace Vivendi CEO Arnaud de Puyfontaine as TIM chairman, with head of security Stefano Grassi temporarily assigned powers to manage all assets deemed strategic for national security and defence.
Source: Industry News (syndicated from Telecompaper.com)

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