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Telecom Italia Denies Report Board to Seek CEO Genish's Ouster
- Il Messaggero had reported directors unite to dismiss CEO
- Vivendi says would back Genish against any push for dismissal
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Telecom Italia SpA denied a newspaper report that an extraordinary meeting would be called this week to seek the resignation of Chief Executive Officer Amos Genish, a company spokesman said.
Rome newspaper Il Messaggero had reported earlier Sunday that directors backed by both Vivendi SA, the carrier’s biggest shareholder, and U.S. activist investor Elliott Management Corp., which owns the second-largest stake, had agreed to call an extraordinary board meeting to obtain Genish’s resignation. Telecom Italia Chairman Fulvio Conti is considering Rocco Sabelli and Alfredo Altavilla as possible successors, Messaggero reported.