TIM’S BOARD OF DIRECTORS DELIBERATIONS FOLLOWING TODAY’S MEETING

11/13/2018 - 09:30 AM

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TIM’s Board of Directors met today and deliberated by a majority vote to revoke with immediate effect all powers conferred to Director Amos Genish, giving mandate to the Chairman to resolve further obligations in relation to the existing working relationship with Genish.

In accordance with the succession plan for Executive Directors adopted by TIM, the proxies revoked to Director Amos Genish were provisionally assigned to the Chairman of the Board.

The Chairman of the Nomination and Remuneration Committee has called for a meeting of the latter, in compliance with its responsibility in identifying the new CEO.

A new meeting of the Board of Directors to appoint a new CEO was convened for November 18.

The Board of Directors thanks Amos Genish for the work done in the interest of the Company and all its stakeholders in these fourteen months of intense activity.

 

Rome, 13 November 2018