MILAN (Reuters) – Telecom Italia (TIM) has picked former Brazilian unit government Adrian Calaza as its new chief monetary officer, reuniting him with new CEO Pietro Labriola, two sources near the matter mentioned on Monday.
A former chief monetary officer at TIM’s Brazilian subsidiary, Calaza will take over the brand new position from present Telecom Italia CFO Giovanni Ronca beginning March 1, the sources mentioned, including an announcement is anticipated later within the day.
Labriola additionally labored for the Brazilian subsidiary.
Telecom Italia (TIM) administrators are assembly on Monday to focus on a plan to reorganise Italy’s greatest telecoms group as Labriola tries to forge an alternative choice to a takeover method by U.S. fund KKR.
Debt-laden TIM was compelled to difficulty three revenue warnings final yr, partly on account of a lower-than-expected income contribution from a cope with DAZN to indicate soccer matches in Italy and stiffer competitors in its home enterprise.
Ronca will log off Telecom Italia 2021 full-year annual outcomes earlier than leaving the group, the sources added.
(Reporting by Elvira Pollina; Enhancing by Keith Weir)