On Friday, Italian incumbent operator TIM announced that they had selected Pietro Labriola to replace the outgoing Luigi Gubitosi as Group CEO.
Labriola, who had served as the CEO of TIM Brasil for three years, was considered the frontrunner for the position, having quickly secured the backing of both Vivendi, TIM’s largest individual shareholder, and Italian state investment bank Cassa Depositi e Prestiti (CDP).
The change-up dates back to November, when private investment firm KKR first offered to takeover TIM for roughly $12 billion…
