the signal of discontinuity long requested by the Board, and accelerated with the arrival of the French Vivendi, has arrived. The CEO of Telecom Italy Marco Patuano is ready to step back. The negotiations for the release is in progress and is expected to close today with the signing of the resignation. There seems to be uncertainty: even the severance of the node would be exceeded and, therefore, it would only be to finalize the details and the statement which will be issued before the opening of the Stock Exchange on Monday.
the powers to Recchi
All of his powers, as it turns out in these minutes, to pass interim President Giuseppe Recchi until the appointment of new CEO. It will be assigned just to the president and to the Nomination Committee, the task of finding a successor to Patuano. In recent weeks, the CEO of Vivendi, Arnaud de Puyfontaine, would have sounded different managers to identify a successor, and were made the names of Tom Mockridge, Flavio Cattaneo, Luigi Gubitosi and Maximo Ibarra. The path that will lead to the identification of new CEO also should not be long.
Towards step back the decision on
step back Patuano arrived a few days after the board meeting that approved the financial statements 2015. the voice output was in the air for some time but has always been denied. Also Thursday, on the sidelines of the board, the Patuano himself had tried to resize the rumors, explaining that there was anything new. However that Vivendi wanted a replacement was known and also that relations with the new members were not idyllic. The decision to replace the managers fall into one normal flow logical discontinuity by the arrival of a new controlling shareholder.
March 19 2016 (edited March 19, 2016 | 13:16)
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