Pietro Labriola is the new CEO of Tim
Obvious news, but news nonetheless: Pietro Labriola is the new CEO from Tim. According to sources close to the dossier, the appointment of Labriola at the helm of the telephone company was approved with a unanimous vote by the directors during today’s board of directors. The November 26 last the ex CEO Luigi Gubitosi had remitted the proxies (we wrote about it here), pass to interim to the president Salvatore Rossi. While the operational ones, as general manager, had gone to Pietro Labriola.
Labriola, 54, arrives at the top of the company with the strength of a professional experience all spent within the telecommunications sector with the last twenty years lived within the Tim group in diversified roles of increasing responsibility, including the coordination of the network company project that the company started and then left in 2013. The last step is to guide the activities of Tim in Brazil: in the subsidiary charge of the group arrives as chief operating officer In the 2015 to then become one CEO in April 2019. Finally, on November 26th, Tim’s appointment as general manager.
Tim, the career of Pietro Labriola
Born in Altamura, in the province of Bari, on 1 October 1967, Labriola from 1993 to 1994 He was in France Telecom, in the Milan office, where he held the role of assistant to the CEO. In 1995 he moved to operate in Cable & Wireless Italy as responsible marketing. In 1996 enters Infostrada, where he assumes responsibility for the business development. In 1997 carries out an experience in Boston Consulting Group in Italy and in 1998 he was appointed marketing director of Infostrada.
In 2001 the landing of Labriola in the group Telecom Italia, where he holds positions of increasing importance and promotes the creation of new services and offers in the field of marketing. In 2005 he assumed responsibility for the marketing function of domestic wireline for fixed and mobile services and in 2006 he was appointed CEO from Matrix.
In 2008 is appointed Head of Domestic Fixed Services of Telecom Italia Wireline and in 2009 he was appointed director of the Business Unit for the business segment for fixed, mobile and ICT telephony services: launches the Impresa Semplice service.
In 2013 to Telecom Italia he is entrusted with the coordination of the network company project. This project then flows into the function Business Transformation for which he assumes responsibility, supporting the top management in the process of transformation of business processes, in execution of the industrial plan. The 4th August 2015 is appointed chief operating officer from Tim Brasil. April 3 2019finally, he was appointed chief executive officer of Tim Brasil.
Tim, the new business plan and the Kkr takeover bid
Confirmed Labriola under the command of the telephone company, now the spotlight remains on industrial plan which provides for the demerger of Tim in two (network and services). The January 26 there will be a meeting to approve the guidelines, while the official version will be defined by i early March. Attention remains high even in relation to Kkr question: any Takeover bid of the American fund is still under evaluation.
The Minister of Economic Development, Giancarlo Giorgetti, during a press conference in the House with Matteo Salvini, a few days ago, touching on the topic Tim, reiterated: “On the one hand we respect the market, on the other hand, the government intends in some way to protect those who are strategic assets. And therefore, in this sense, any takeover bid that will be made, in some way must take into account that, as I have repeatedly reiterated, there is a perimeter within which I do not believe that the State can renounce forms of control “.
The American fund Kkr is indeed in search of allies. In recent weeks, among the names interested in the Italian Tlc match, both that of English background of private equity Cvc Capital Partner who Pif, the sovereign fund of Saudi Arabia to which the crown prince belongs Mohammed Bin Salman (we wrote about it here). Meanwhile, the labor unions: to mark in the diary is the January 25, the day of the new meeting with the top management of the company.
Labriola: “We face challenges that require cohesion”
Pietro Labriola, who will also maintain the position of General Manager conferred on him by the Board on November 26, will transfer the mandate of director and CEO he currently holds to the corporate bodies of the subsidiary Tim Sa in Brazil. Speaking of his new position, he said: “I am very honored to take on this position, having been linked to the Company for over 20 years. all shareholders. The challenges and opportunities that we face require cohesion on the part of all stakeholders. I am grateful for the trust the Council is giving me. I thank the Brazilian colleagues for the brilliant results we have achieved together and the Italian colleagues for what we will do “concludes the new CEO.
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