Telecom Italia Shareholders' Meeting held on May 4, 2018 appointed the Board of Directors who will remain in office for three financial years, until approval of the financial statements at 31 December 2020. The Shareholders Meeting fixed the number of components in 15.
On May 7, 2018 the Board of Directors appointed Fulvio Conti as Chairman and Amos Genish as Chief Executive Officer of the Company.
On May 16, 2018 the Board of Directors has established the internal committees (Strategy Commettee, Control and Risk Committee, Nomination and Remuneration Committee) forming a new one focusing on the investigation and monitoring of interactions with related parties (Related Parties Committee).
TIM’s Board of Directors has met on June 25, 2018 and expanded the membership of its Internal Committees, increasing the number of members from 4 to 5.
TIM’s Board of Directors met on November 13, 2018 and deliberated by a majority vote to revoke with immediate effect all powers conferred to Director Amos Genish. The proxies revoked were provisionally assigned to the Chairman of the Board in accordance with the succession plan for Executive Directors adopted by TIM.
The Board of Directors deliberated in its meeting on November 18, 2018, to appoint Luigi Gubitosi Chief Executive Officer and General Manager, conferring him executive powers.
On June 27, 2019 the Board of Directors acknowledged the resignation of Mr. Amos Genish and approved to replace him by co-opting Mr. Franck Cadoret.
The Board of Directors in its meeting on August 1, 2019, called Director Cadoret to join the Strategy Commettee.
The Board of Directors received on Septembre 26, 2019 the resignation of Fulvio Conti who stepped down as Chairman of the Board and Director of the Company as of the end of the meeting.
On October 21, 2019 the Board of Directors of TIM unanimously deliberated to co-opt Prof. Salvatore Rossi, to appoint him as Chairman of the Company’s Board of Directors and the right to participate in the Strategy Commettee.
The Board of Directors on March 10, 2020, decided to alter the mission of the Strategic Committee, to rename the Committee to Strategies and Sustainability Committee and to add two more members (directors Paola Bonomo and Maria Elena Cappello) to its original composition.
The internal committees are currently composed as follows:
- Control and Risk Committee – Directors Giannotti (Chairman), Ferrari, Moretti, Morselli and Valensise
- Nomination and Remuneration Committee – Directors Altavilla (Chairman), Bonomo, Capaldo, Sabelli and Valensise
- Related Parties Committee - Directors Morselli (Chairman), Capaldo, Cappello, Moretti and Roscini
- Strategies and Sustainability Committee - Directors Gubitosi (CEO), Bonomo, Cadoret, Cappello, Ferrari, de Puyfontaine and Sabelli
There are no directors holding more positions than the maximum number specified in the Corporate Governance Principles.
Vivendi23.94%Cassa Depositi e Prestiti (1)9.89%Paul Elliott Singer (2)
Telecom Italia Group
1.08%Italian institutional investors
1.91%Foreign institutional investors