Reuters
Published Jan 21, 2022 15:39
MILAN (Reuters) - Telecom Italia (MI:TLIT) (TIM) has appointed General Manager Pietro Labriola as CEO, two sources close to the matter said on Friday, as the former phone monopoly weighs a response to a takeover approach by U.S. private equity investor KKR.
The board has unanimously approved the appointment of Labriola, the sources added.
Labriola, a veteran TIM executive who has run TIM's Brazilian operations for the last three years, was promoted to general manager in November, when former CEO Luigi Gubitosi stepped down following a string of profit warnings.
Written By: Reuters
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