Telecom Italia Shareholders Approve Including Vivendi Officials on Company Board
December 15 2015 - 12:24PM
Dow Jones News
MILAN--Shareholders in Telecom Italia Spa approved on Tuesday a
request from France's Vivendi SA to obtain four seats on the board
of the Italian operator, in a surprise move that would give Telecom
Italia's largest shareholder greater influence over the company's
strategy.
At Telecom Italia's shareholders meeting, 52.9% of the
shareholders voted in favor of the proposal to expand the company's
board from 13 to 17 members, while 45.7% voted against, and 1.4%
abstained.
The four representatives proposed by Vivendi are Arnaud Roy de
Puyfontaine, Vivendi's chief executive, Stephane Roussel, the
company's chief operating officer, Herve Philippe, its chief
financial officer, and Felicite Herzog.
Write to Giada Zampano at giada.zampano@wsj.com
(END) Dow Jones Newswires
December 15, 2015 12:09 ET (17:09 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
TELECOM ITALIA SPA CL A (NYSE:TIA)
Historical Stock Chart
From Jun 2024 to Jul 2024
TELECOM ITALIA SPA CL A (NYSE:TIA)
Historical Stock Chart
From Jul 2023 to Jul 2024