19 de marzo de 2014 / 15:39 / hace 4 años

Telecom Italia's top investor proposes Recchi as chairman

MILAN, March 19 (Reuters) - Telecom Italia’s largest investor Telco said on Wednesday it had proposed Giuseppe Recchi as chairman of Italy’s largest phone group in a list of directors presented for the renewal of the company’s board.

The 13 people in the list are mostly independent directors. The slate also includes current chief executive Marco Patuano.

Recchi is a former executive at General Electric and is currently chairman of Italian state-owned oil group Eni .

Telecom Italia shareholders meet on April 16 to name a new board following the expiry of the three-year term of the current one.

Telco, the investment vehicle owned by Telefonica and its Italian partners Generali, Intesa Sanpaolo and Mediobanca, controls Telecom Italia with a 22.4 percent stake. (Reporting by Danilo Masoni; editing by Agnieszka Flak)

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