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Vivendi requests four seats on Telecom Italia board
2015-11-16 08:44:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has requested the appointment of four directors on the board of Telecom Italia, according to a statement released by the operator. Vivendi recently became Telecom Italia's largest shareholder with a stake of just over 20 percent and has reiterated its long-term interest in the operator but has yet to take up any seats on its board. In its statement, Telecom Italia said it had received a proposal from Vivendi to supplement the agenda of the scheduled meeting on 15 December with an item requesting "the appointment of 4 directors, with prior redefinition of the number of members of the Board of Directors from 13 to 17". Vivendi's board nominees are CEO Arnaud de Puyfontaine, COO Stephane Roussel, CFO Herve Philippe and consultant Felicite Herzog.
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Category:Telecommunications