Telecom Italia Board Backs CEO After Regrets Over Comments

   By Max Bernhard

Telecom Italia SpA (TIT.MI) said its board of directors still backs Chief Executive Amos Genish after he said he regretted having made recent comments about some board members.

The board discussed Mr. Genish's comments and acknowledged "his clarifications on the matter and his regret for having made inappropriate comments, subsequently amplified by the media," Telecom Italia said late Monday .

"The Board confirms that its members share a common vision and objectives for TIM, and continue to support the management team," it said.

In May, American activist fund Elliott Management Corp. took over two-thirds of Telecom Italia's board in a shareholder vote, following a long-running power struggle with majority shareholder Vivendi SA (VIV.FR).

Write to Max Bernhard at max.bernhard@dowjones.com

(END) Dow Jones Newswires

June 26, 2018 02:24 ET (06:24 GMT)

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