Telecom Italia confirms Pietro Labriola as new CEO following intervention by directors and a failed €33bn takeover bid

Telecom Italia (TIM) has named Pietro Labriola as its new chief executive officer, effective immediately. The unanimous appointment made by the board of directors, chaired by Salvatore Rossi, comes after a group of TIM directors, including representatives of its leading shareholders, Vivendi, called for a meeting to name a new leader. "The Board and I are deeply satisfied with Pietro Labriola's appointment as TIM's CEO," said Rossi. "With his expertise and drive for delivering result...