VIV

Telecom Italia chairman Rossi won't seek another mandate - source

Credit: REUTERS/DADO RUVIC

Adds details

MILAN, Dec 13 (Reuters) - Telecom Italia (TIM) TLIT.MI Chairman Salvatore Rossi will not seek another mandate at the helm of the former phone monopoly's board when his stint expires next year, a source with knowledge of the matter told Reuters on Wednesday.

The source said Rossi, a former senior official at the Bank of Italy, is expected to inform directors of his decision at a board meeting scheduled on Thursday.

Rossi did not immediately respond to a Reuters request for comment.

Rossi has chaired TIM's board since 2019. Top investor Vivendi has clashed with him over corporate governance issues on a number of occasions and had repeatedly sought to replace him.

(Reporting by Elvira Pollina; Editing by Valentina Za and Gavin Jones)

((elvira.pollina@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.