Wednesday, April 4, 2007

Olimpia moves to sack T.Italia chairman

(Reuters) - MILAN, April 4 - Olimpia, the holding company that owns a controlling 18 percent stake in Telecom Italia , moved to sack the telecoms group's chairman on Wednesday after conflicts over strategy.

In a statement, Olimpia, which is controlled by Pirelli , proposed a list of board members for Telecom Italia that did not include Chairman Guido Rossi, though it kept in place Vice-Chairman Carlo Buora and Chief Executive Officer Riccardo Ruggiero.


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