Telecom Italia Appoints Amos Genish as New CEO
September 28 2017 - 2:15PM
Dow Jones News
By Pietro Lombardi
Telecom Italia SpA (TIT.MI) has named Amos Genish as chief
executive officer, the company said Thursday, a widely expected
move after he was made general manager for operations in July.
Prior to joining Telecom Italia, Mr. Genish had been appointed
as chief convergence officer at Vivendi SA (VIV.FR), leading the
French media company's efforts to expand its content distribution
across platforms. Vivendi has a stake of about 24% in Telecom
Italia.
Mr. Genish's appointment as CEO fills a post that has been empty
since July, when Telecom Italia's then-CEO, Flavio Cattaneo,
stepped down after only 16 months in the job amid growing tensions
with its French shareholder. The resignation came about a month
after Arnaud de Puyfontaine, Vivendi's chief executive, became
Telecom Italia's executive chairman.
Telecom Italia "must have a constructive collaboration with the
institutions and regulators," said Mr. de Puyfontaine, commenting
the appointment.
Executive Deputy Chairman Giuseppe Recchi will have deputy
functions and will oversee the group's activities and assets
"relevant for security and national defense purposes," the company
said.
Vivendi is fighting a regulatory battle in Italy over Telecom
Italia. Earlier this month, Vivendi said it would appeal a decision
by Italy's securities market regulator which deemed that the French
media conglomerate has de facto control over Telecom Italia.
Telecom Italia has also said it would challenge the watchdog's
decision.
The Italian government has also been investigating whether
Vivendi has de facto control of Telecom Italia, a sign of its
concern over a strategic national asset falling into foreign
ownership.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
September 28, 2017 14:00 ET (18:00 GMT)
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