• <a fr-original-style="" href="https://www.reuters.com/markets/europe/group-telecom-italia-directors-ask-special-meeting-name-new-ceo-sources-2022-01-08/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Telecom Italia’s administrative turmoil</a> continues as a group of directors including top investor Vivendi representatives urged the chairman to call a special meeting for the appointment of a CEO.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">What happened: The company’s chief executive duties have been taken up temporarily by top execs since the last CEO, Luigi Gubitosi, stepped down this fall, following the last in a series of profit warnings.&nbsp;</li><li fr-original-style="" style="box-sizing: border-box;">A step back: Telecom Italia lowered their core profit projections for their domestic business in mid-December for the third time last year and was approached by American investment company KKR with a 33-billion-euro takeover in November.</li></ul>

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