Telecom Italia Appoints Luigi Gubitosi As CEO

(RTTNews) - Italian telecom giant Telecom Italia (TIAOF.PK, TI) said that its board has appointed Luigi Gubitosi as Chief Executive Officer and General Manager, by a majority vote.

The Head of Security Stefano Grassi is temporarily assigned the role of Security Officer.

The company noted that Luigi Gubitosi will receive a compensation corresponding to that already attributed to his predecessor, therefore in line with the Company's remuneration policy.

Following his appointment as CEO and General Manager, Luigi Gubitosi qualifies as a (non-independent) Executive Director and no longer sits on the Control and Risk Committee; as of today, Luigi Gubitosi does not own any shares in Telecom Italia S.p.A.