TIM announced that the Board of Directors met recently under the chairmanship of Salvatore Rossi and unanimously appointed Pietro Labriola Chief Executive Officer, effective immediately.
Pietro Labriola will continue his role as General Manager, which he was appointed to on November 26. He will resign as Director and CEO of the Brazilian subsidiary TIM S.A.
Pietro Labriola, as CEO and General Manager, will qualify as a non-independent Executive Director and will have all the executive powers necessary to carry out the Company's activities, which were assumed by the Chairman of the Board on November 26, 2021.
The Chairman Salvatore Rossi will keep the responsibility over the communications on the indicative and non-binding expression of interest sent by KKR & Co. L.P., and the related ongoing process. Pietro Labriola will receive a compensation in line with the Company's remuneration policy.
Salvatore Rossi, Chairman of TIM
The Board and I are deeply satisfied with Pietro Labriola’s appointment as TIM’s CEO. With his expertise and drive for delivering results, Pietro is the right choice to lead TIM’s next phase of development, while enhancing the key role our Group plays in Italy’s economic, digital and social growth.
Pietro Labriola, Chief Executive Officer and General Manager of TIM Group
My goal is to drive the Group to realize its full potential and maximize the value of our assets in the interest of all our shareholders. The challenges and opportunities ahead will require cohesion among all stakeholders. I am thankful for the trust the Board has placed in me to lead the Company forward.
