Telecom Italia set to lose Deputy Chairman

The Deputy Chairman of Telecom Italia has found himself a new job, as the organisational upheaval at the operator looks set to continue.

Giuseppe Recchi, who has been on the telco's board for over three years, has been appointed CEO at Netherlands-based healthcare provider Affidea Group.

TIM said Recchi is still a member of their board and had "made himself available" to carry out his duties.

However, it said an "evaluation" of the board was currently taking place.

Chairman Arnaud de Puyfontaine told reporters on the sidelines of a business forum in Italy on Friday (26 January) that he was “happy” his deputy had found a new job and that he had “no problem” with him.

De Puyfontaine is the CEO of Vivendi, the France-based media group that has a majority stake in the Italian operator.

He replaced Recchi as Chairman last June, demoting the former GE exec to the Deputy Chairman role, as Vivendi tightened its grip on the operator.

Recchi's departure is the latest twist in Vivendi's fraught ownership of TIM.

The operator felt compelled to declare its support for CEO Amos Genish last week after rumours he was heading for the exit.

Former Vivendi exec Genish was only appointed last September and is set to unveil TIM’s new strategic plan in the coming weeks.

Genish replaced former CEO Flavio Cattaneo, who left the business amid rumours of a falling out with Vivendi in July last year.

In December, TIM’s board of directors approved a deeper push into content as a key part of its strategy over the next three years.

However, it said earlier this month that it was having to renegotiate the terms of a joint venture it announced with Canal+ last October.

 

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