April 5, 2017 / 9:49 AM / a year ago

Telecom Italia CEO says to stay on regardless of chairman choice

MILAN, April 5 (Reuters) - Telecom Italia’s Chief Executive Flavio Cattaneo plans to keep his current job at the Italian phone group regardless of whom shareholders choose to appoint as its next chairman, the top executive said on Wednesday.

Cattaneo made the remarks after a report said he could decide to leave if top shareholder Vivendi pushed for the French group’s CEO Arnaud de Puyfontaine to become Telecom Italia’s chairman with at least the same powers held by current Chairman Giuseppe Recchi.

Telecom Italia’s board comes up for renewal in May.

“I will remain regardless of the chairman that shareholders decide to pick as I’m sure they will put me in a position to work well,” Cattaneo said on the sidelines of an event in Rome, according to comments emailed by a spokesman.

He added there were no disagreements with shareholders, including Vivendi, and that they all shared a common vision for the company’s strategy.

Sources have said Vivendi is considering putting de Puyfontaine forward as Telecom Italia’s next chairman, potentially aggravating concerns about the French group’s growing influence over Italian companies. (Reporting by Agnieszka Flak, editing by Valentina Za)

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