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Patuano Assumes Telecom Italia CEO Role After Bernabe Quits

Telecom Italia SpA Chief Operating Officer Marco Patuano will take over responsibilities left behind by Chief Executive Officer Franco Bernabe, who stepped down after clashing with shareholders over strategic directions at Italy’s biggest phone company.

The 65-year-old Bernabe, also chairman of the board, resigned yesterday at a directors meeting in Milan. Patuano, 49, was given executive powers temporarily, while Deputy Chairman Aldo Minucci will run the board until a chairman is identified, the company said in a statement, describing Patuano’s title as managing director and chief executive officer. No reason was given for Bernabe’s departure.