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Telecom Italia board names veteran manager Labriola as CEO - sources

Telecom Italia board names veteran manager Labriola as CEO - sources
Telecom Italia board names veteran manager Labriola as CEO - sources   -   Copyright  Thomson Reuters 2022
By Reuters

MILAN – Telecom Italia (TIM) has appointed General Manager Pietro Labriola as CEO, two sources close to the matter said on Friday, as the former phone monopoly weighs a response to a takeover approach by U.S. private equity investor KKR.

The board has unanimously approved the appointment of Labriola, the sources added.

Labriola, a veteran TIM executive who has run TIM’s Brazilian operations for the last three years, was promoted to general manager in November, when former CEO Luigi Gubitosi stepped down following a string of profit warnings.