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Pietro Labriola, who is the new general manager of Tim in place of Gubitosi

Pietro Labriola, who is the new general manager of Tim in place of Gubitosi

On Tim's extraordinary board, Gubitosi resigned as Tim's chief executive officer. The proxies are entrusted to President Rossi. Pietro Labriola becomes the new general manager of the company, as hoped for by Vivendi. Here is Labriola's curriculum

"Passionate Inter fan, passion for tattoos, Pietro Labriola is considered a nonconformist".

This is how Il Sole 24 Ore outlines Tim's new head of company.

With Pietro Labriola two people from Bari are at the top of Tim. The president Salvatore Rossi, born in Bari, is now joined by Pietro Labriola, new general manager of Tim, who was born in Altamura (Bari).

In fact, the CEO of Tim Luigi Gubitosi takes the step back that he had announced, does not resign but puts the powers back to the board.

Pietro Labriola is "the new general manager of the company", reads Tim in a note last night at the end of Tim's extraordinary board of directors.

The board of the telephone group has decided to transfer to the president Salvatore Rossi the proxies so far in the hands of Luigi Gubitosi, who on Thursday evening had given the willingness to take a step back. The operational leadership of the group is assumed by Pietro Labriola, number one of Tim Brasil, unanimously appointed general manager with the vote of Gubitosi, who remains in the council.

"The director Luigi Gubitosi remits the powers of Chief Executive Officer and leaves the position of General Manager" and thus "the Board of Directors starts the activities for the examination of the non-binding expression of interest of KKR", reads the press release of Tim.

The line of the partner Vivendi, therefore, won as the French group had been pushing for some time to torpedo Gubitosi ( here the in-depth analysis of Start Magazine )

Tim's board of directors acknowledged Luigi Gubitosi's remission of his proxies and revoked him from the positions of CEO and general manager of the company, proceeding with a reorganization of the governance; rearrangement that appears temporary.

“Gubitosi remains a director. At the proposal of the Nomination and Remuneration Committee, in application of the Company's succession plan ”states the press release, Pietro Labriola was appointed general manager, who will keep the position of CEO of the subsidiary Tim in Brazil.

"At the same time, the chairman Salvatore Rossi was assigned responsibilities and powers relating to Partnership & Alliances, Institutional Communications, Sustainability Projects & Sponsorship, Public Affairs, as well as the responsibility for managing Tim's assets and activities of strategic importance for the defense and national security ".

The new top management structure of the company “immediately guarantees, in the interest of all stakeholders, the full operations of the group. It also ensures, in such an articulated phase, a cohesive, firm and determined guide in the full enhancement of the company's operational capabilities and market positioning, while respecting the role of all the shareholders and other stakeholders involved ”explains the company.

Meanwhile, the board continues to look for a successor, assisted by the advisor Spencer Stuart to "define a stable and lasting medium-term executive leadership of the company, which takes into account the evolution of Tim's overall corporate structure and the related perimeter of activity" .

"This appointment shows once again the value of the company's management and the ability to enhance skills, merit and innovation" commented Rossi about the internal choice. The board then appointed Paola Sapienza, Lead Independent Director.

But the top management would be provisional: the CEO will soon be appointed. In the race the same Labriola and Stefano Siragusa, another internal manager of the group.

Labriola is the longest-serving manager in the history of Telecom, the one who has always been at the top for twenty years with various positions, different properties and various CEOs.

HERE IS THE FULL CURRICULUM OF PIETRO LABRIOLA:

He was born in Altamura (Bari) on 1 October 1967.

From 1993 to 1994 he was in France Telecom, in the Milan office, where he was appointed assistant to the CEO.

In 1995 he moved to Cable & Wireless Italia as Marketing Manager.

In 1996 he joined Infostrada, where he is Head of Business Development.

In 1997 he carried out an experience in Boston Consulting Group in Italy.

In 1998 he was appointed Marketing Director of Infostrada SpA

In 2001 he joined the Telecom Italia Group, where he held positions of increasing importance: he began as Head of Landline Marketing, launching, among other things, the ADSL ALICE offer.

In 2005 he was appointed Marketing Director for Fixed and Mobile Services and in 2006 he was also Chief Executive Officer of Matrix.

In 2007 he was appointed Head of Domestic Fixed Services and in 2009 he was appointed Director of the Business Unit for the corporate segment for fixed, mobile and ICT telephony services, launching Impresa Semplice.

In 2013 he took on the responsibility of coordinating the network spin-off project and in 2014 he became Head of Business Transformation & Quality.

In 2015 he became Chief Operating Officer of TIM Brasil, a position he held until October 2018.


This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/pietro-labriola-chi-e-il-nuovo-direttore-generale-di-tim-al-posto-di-gubitosi/ on Fri, 26 Nov 2021 14:27:53 +0000.