Prysmian CEO Hits €10 Billion Milestone in Last Term at Helm
- Battista likely won’t seek a new term at helm of the company
- Next milestone may be €2 billion adjusted Ebitda medium term
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Valerio Battista, the executive who transformed Prysmian SpA from a unit of tire maker Pirelli into a global leader in cables, has managed to push the Italian company past the €10 billion ($10.9 billion) market value threshold in what could be his final term at the helm.
The 66-year-old likely won’t seek another mandate as chief executive officer when his term expires next year, people familiar with the matter said.