Telecom Italia (TIM) has appointed a former Vivendi executive to its vacant CEO role and overhauled its governance structure.
Amos Genish, who was appointed GM of Operations at the Italy-based operator in July, will take over as Chief Executive immediately.
Genish joined the operator from his position as Chief Convergence Officer at Vivendi, the French media group which is TIM’s largest shareholder.
He was CEO of Telefónica’s Brazilian opco Vivo from 2015 to 2016.
Genish replaces Flavio Cattaneo who left in July, reportedly after falling out with Vivendi.
Vivendi's CEO, CFO and General Counsel joined TIM’s Board of Directors in May.
Genish's appointment comes just two weeks after Italy’s financial regulator Consob concluded that Vivendi holds de facto control of TIM, after it accrued a 23.94 percent stake in its ordinary share capital.
This followed an investigation to establish whether Vivendi breached a requirement to notify the Italian government that it effectively controlled the company.
However, as well as appointing Genish, TIM's Board granted new powers to Executive Chairman and Vivendi CEO Arnaud de Puyfontaine.
These include working with the CEO on the company’s strategy and supervising implementation, organisational arrangements and internal controls.
De Puyfontaine will also have organisational responsibility for legal affairs, institutional communications and public affairs, as well as governance of TIM’s corporate responsibility arm TIM Foundation.
The Chairman will represent the company and group in external meetings with public authorities, institutions and investors.
Responsibility for brand and media strategy was meanwhile transferred from the Executive Chairman to the CEO, while TIM’s Executive Deputy Chairman Guiseppe Rechi was appointed Chairman of the Strategic Committee and given oversight of the company’s security functions.
de Puyfontaine, said: “We have a clear long-term vision: to return TIM to its rightful splendour, making a crucial contribution to the digitalisation of the country, the creation of Digital Italy, through investment and people.
“TIM must have a constructive collaboration with the institutions and regulators: creating value for TIM means creating value for the country.”