TIM shakes up boardroom after Vivendi spat
Telecom Italia (TIM) has announced that two of its senior executives will be leaving the company.
Nicola Grassi, chief technology and operations officer and Carlo Nardello, TIM’s chief strategy of business and transformation officer have both departed.
The operator says that the chief technology and operations officer role will merge into the new chief network operations and wholesale office role assigned to Stefano Siragusa.
TIM also announced that the newly created strategy and business development role was assigned to Claudio Ongaro.
The firm revealed that its procurement function has been entrusted to Simone De Rose while Paolo Chiriotti is the reference point for the management of business transformation projects.
TIM has made major changes to its boardroom after a €10.8 billion approach by hedge fund KKR for the company raised tensions between the operator and its largest shareholder Vivendi.
Its CEO Luigi Gubitosi resigned last month amid growing tensions and two profit warnings from the shareholder since July.
Vivendi though, says it is open to state control rather than any acceptance of the offer made by KKR.