Telecom Italia Executives Exit as CEO Leaves

Telecom Italia continues restructuring, revealing the departures of its strategy and technology chiefs after the resignation of former CEO Luigi Gubitosi. The operator announced in a statement that the chief technology and operations officer Nicola Grassi and chief strategy, business development, and transformation operator Carlo Nardello are leaving the company as part of ongoing management restructure.

Grassi’s responsibilities are rolled into a newly formed department of a chief network, operations, and wholesale office led by current chief revenue, information, and media officer Stefano Siragusa. As part of the revamp Siragusa takes the job title of deputy GM. Nardello’s former role is split, with the strategy and business development function given to the company’s head of mergers and acquisitions Claudio Ongaro on an interim basis. Business transformation projects come under the remit of its head of procurement Paolo Chiriotti, while procurement matters will be temporarily be performed by the head of IT Simone De Rose.

Other changes include establishing a chief consumer, small and medium market office; chief enterprise market office; and brand strategy and commercial communication department. The moves come shortly after the departure of Gubitosi, who resigned in the wake of a takeover bid by investment fund KKR. A potential buyout and change at the helm of the operator sparked a deluge of speculation on the future direction, leadership, and ownership, with rumors of strike action by workers and potential government intervention.