TIM board meeting could set CEO on road to new deal: Sources

MILAN: Italy’s biggest phone group Telecom Italia (TIM) will start work on Wednesday on a plan that could keep Chief Executive Luigi Gubitosi in his role when it names a new board in April, two sources familiar with the matter said.

The group’s outgoing board, whose three-year term is coming to an end, will start discussions at a meeting before drafting a slate of board nominees which it must file by the end of March for shareholders to vote upon on April 20.

TIM is expected to pick a headhunter to help with the board’s selection process and advisory firm Egon Zehnder is in pole position for the role, the sources said.