Home › Majority of TIM board resigns following Elliott pressure
 

Keywords :   


Majority of TIM board resigns following Elliott pressure

2018-03-23 09:12:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has announced the resignation of the majority of its board of directors, in what has been seen as a way of pre-empting a move by activist fund Elliott to counter how the operator's largest investor Vivendi is running the company. In a statement, TIM said its chairman and Vivendi CEO Arnaud de Puyfontaine would step down on 24 April along with deputy chairman Giuseppe Recchi and six other directors, calling on shareholders to vote for a new board on 04 May.

Tags: board pressure majority tim

Category:Telecommunications

Latest from this category

All news
»
20.04App to cut EU border queues won't be ready in time
19.04PPG Board of Directors Announce Quarterly Dividend of 65 Cents Per Share
19.04Can AI help solve Japans labour shortages?
19.04 PPG Board of Directors Authorizes $2.5 Billion Share Repurchase Program
19.04Warning jailed bankers ruling could hit loan rate
19.04NFU Statement on EPA E15 Announcement
19.04Mark Andy hosts successful Digital Symposium
19.04K-State Animal Sciences and Industry students earn national title for fourth consecutive year
More »