Vivendi’s chairman of the management board and CEO Arnaud de Puyfontaine has resigned from his position as member of the board of directors at Telecom Italia (TIM) with immediate effect.
In a statement, TIM said de Puyfontaine added that, in this phase of constructive dialogue between TIM’s main shareholders and the institutions, under the new government’s leadership, it is fundamental that all the relevant parties may be free to work in a constructive and transparent manner to the benefit of TIM and all its shareholders.
It went on to say that in this regard, de Puyfontaine considers it appropriate to devote his effort, as CEO of Vivendi, to re-establishing a growth path for TIM and see to it that the real value of the company and its unique network is properly recognised.
Significantly, de Puyfontaine confirmed that TIM and Italy remain central to Vivendi’s investment plans.
