Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

Gubitosi seen as new Telecom Italia boss after Altavilla quits race - source

Gubitosi seen as new Telecom Italia boss after Altavilla quits race - source
Alitalia special commissioner Luigi Gubitosi talks during a news conference at the Alitalia headquarters at Rome's Leonardo da Vinci-Fiumicino Airport, Italy May 10, 2017. REUTERS/Remo Casilli -
Copyright
Remo Casilli(Reuters)
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.