MILAN (Reuters) - Italian manager Luigi Gubitosi is expected to be proposed as Telecom Italia's <TLIT.MI> new CEO on Sunday after rival Alfredo Altavilla pulled out of the race for the top job at Italy's biggest phone group, a source familiar with the matter said.
Telecom Italia's board will meet late on Sunday to appoint a new CEO after former boss Amos Genish was unexpectedly sacked on Tuesday while he was away on business in Asia.
Both Gubitosi - who once headed telecoms group Wind - and Altavilla have been sitting on Telecom Italia's board as independent directors proposed by Elliott since the activist fund wrested control of the board from top shareholder Vivendi <VIV.PA> last May.
(Reporting by Agnieszka Flak, editing by Giselda Vagnoni)
