Telecom Italia Chairman Has 'Complete Trust' in CEO
January 24 2018 - 6:54AM
Dow Jones News
By Pietro Lombardi
The chairman of Telecom Italia SpA (TIT.MI), Arnaud de
Puyfontaine, said Wednesday that he has full trust in Chief
Executive Amos Genish.
"On behalf of TIM Board and as CEO of TIM's main shareholder I
confirm that I have complete trust in Amos Genish, with whom we
share strategy and vision," Mr. De Puyfontaine said in an emailed
statement.
The comments came in response to a media report suggesting that
Mr. Genish could leave the Italian company after only a few months
into the job.
Mr. De Puyfontaine is also chief executive of France's Vivendi
SA (VIV.FR), which owns a near-24% stake in Telecom Italia.
"We are pleased with the progress until now and confident that
Amos will carry on TIM's relaunch with his usual passion," he
said.
An article in Italian newspaper Il Sole 24 Ore said Mr. Genish
was considered a candidate to take a position at a Brazilian
company.
In the emailed statement, Mr. Genish confirmed his long-term
commitment to the Italian telecom company. He was appointed chief
executive of Telecom Italia in September.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
January 24, 2018 06:39 ET (11:39 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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