Reuters: Technology News: Telecom Italia likely to name new chairman on November 7: source

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Telecom Italia likely to name new chairman on November 7: source Oct 10th 2013, 18:06 Tweet Share this Email Print Reprints Franco Bernabe, Telecom Italia chairman and CEO, poses in his office in Rome, April 19, 2013. Credit: Reuters/Alessandro Bianchi MILAN | Thu Oct 10, 2013 2:06pm EDT MILAN (Reuters) - Telecom Italia is likely to decide on former chairman Franco Beranbe's successor on November 7, when its board meets to discuss a new business plan, a source close to the matter said. "A list of candidates will be presented to the board at the next meeting," the source told Reuters, adding that the board would be asked to take a vote at the meeting, which would take place on November7. Bernabe resigned earlier in October after a strategy clash with core shareholders and his role has been taken on an interim basis by deputy chairman Aldo Minucci. According to the source, Telecom Italia needs to appoint a permanent chairman to start a new reorganization plan. Telecom Italia could not be reached for comment. Sources close to the situation have told Reuters Poste Italiane CEO Massimo Sarmi has been a frontrunner to replace Bernabe as chairman. Telecom Italia's new chief executive Marco Patuano, who took Bernabe's executive powers, is expected to unveil a business plan outlining the future of its South American units and a possible corporate restructuring in Italy. (Reporting by Stefano Rebaudo, writing by Danilo Masoni, editing by Paola Arosio and Elaine Hardcastle) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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