Telecom Italia Chairman Conti Is Considering Stepping Down
September 12 2019 - 12:35PM
Dow Jones News
By Pietro Lombardi
Telecom Italia SpA's (TIT.MI) Chairman Fulvio Conti said
Thursday that he is considering stepping down, citing a better
atmosphere on the board and among shareholders.
"In light of the renewed climate of trust and collaboration
within the board and between the shareholders," which Mr. Conti
said he considers to be a result of shared work and his personal
commitment, "I am evaluating to step down from my role," he
said.
Mr. Conti was elected to the board last year after being put
forward by activist investor Elliott Management Corp.
At the time, Elliott was battling Vivendi SA (VIV.FR) for
influence over the Italian company. Both Vivendi and Elliott have
large stakes in Telecom Italia.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
September 12, 2019 12:20 ET (16:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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