Telecom Italia has declared its support for CEO Amos Genish, scotching exit rumours that appeared in the Italian press.

Reports by Sole 24 Ore and Il Messaggero on Tuesday (23 January) had suggested that Genish, who was appointed in September last year, could be on his way out.

However, Arnaud de Puyfontaine, who is Chairman at TIM and CEO at Vivendi, the de facto owner of the operator, said in a statement that the board retained “complete trust” in Genish and shared his “strategy and vision”.

“We are pleased with the progress until now and confident that Amos will carry on TIM’s relaunch with his usual passion,” de Puyfontaine said.
Genish, a former Chief Convergence Officer at Vivendi, is expected to unveil a new strategic plan in the next few weeks.

"I am 100 percent committed to TIM's relaunch and to the fine tuning of the 2018-20 strategic plan, which is a long-term project for me both personally and professionally," Genish said.

Vivendi’s support is crucial, considering it holds a 23.94 percent stake in TIM’s ordinary share capital and has installed several executives on its board of directors.

Previous CEO Flavio Cattaneo left TIM in July after reportedly falling out with the France-based media group.

Genish met the TIM board back in December, when they backed his plans to expand the company’s content offering and approved its preliminary budget.

The CEO's first set of financial results, announced in November, saw TIM reporting a 1.3 percent year-on-year rise in sales to €4.91 billion.

More News

Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
Proximus taps into eSports with ESL, Pro League deals Proximus taps into eSports with ESL, Pro League deals Proximus is the latest European operator to catch the eSports bug, signing two exclusive deals to help promote the video game trend in its home market. More detail
Telecom Liechtenstein taps Sunrise for converged offering in Switzerland Telecom Liechtenstein taps Sunrise for converged offering in Switzerland Telecom Liechtenstein has added mobile services to its existing enterprise offering in Switzerland after striking a deal with Sunrise. More detail
Iliad appoints new executive team after “lower than expected” Q1 financials Iliad appoints new executive team after “lower than expected” Q1 financials Five new c-suite executives have been charged with “stepping up the pace” at France-based Iliad after sales dipped at its fixed-line division in the first three months of the year. More detail
Colao says ciao to Vodafone after a decade in the hotseat Colao says ciao to Vodafone after a decade in the hotseat Vodafone Group CEO Vittorio Colao is calling it quits and stepping down in October. More detail
    

@eurocomms