Tim, board list wins at the meeting: Labriola remains CEO, Figari president

The CEO: “Working over the next three years for the group’s lasting growth”

April 23, 2024

Alberta Figari and the new president Timwhile Pietro Labriola comes reconfirmed CEO. It is the outcome of theShareholders’ Meeting of the former TLC monopolist, which took place on Tuesday morning in the company’s Milan headquarters. For the appointment of the Board of Directors – Tim informs in a note – the majority listwith approximately the 48.97% of the votesthat turned out to be the case presented by the outgoing Board of Directorsfrom which the following six Directors were therefore drawn: Alberta Figari (referred to as President), Pietro Labriola (referred to as CEO), Giovanni Gorno Tempini, Paola Camagni, Federico Ferro Luzzi, Domitilla Benigni.

50.77% of the capital participated in the meeting

In a note, Tim communicated that at the meeting he approximately 50.77% of the ordinary capital participated of society.

Labriola: “Now everyone collaborates for the best possible future”

“As in the last two years, after today we will work with even greater determinationfor the benefit of all the members who, with a great sense of responsibility, directly or indirectly made it possible to ensure continuity. It is therefore necessary that institutions, members, employees, unions and management collaboraterespecting mutual roles and prerogatives, to ensure the best possible future for a strategic company like ours,” he commented in a note Pietro Labriola after the meeting that confirmed him as CEO.

Labriola: “We aim to return to shareholder remuneration”

“With these hinges we aim to return to remunerating shareholders if possible within the planwho with today’s meeting gave us the confidence to move forward”, added Labriola speaking of the plans for the future.

Labriola: “The next three years of work for lasting growth”

“In the next three years we will work to ensure a lasting growth of the Group in the interest of all stakeholders and with the aim of enhancing their strengths. We will therefore pay great attention tocost efficiency and above all to return to the generation of value on the Italian market“, added the CEO.

Labriola: “From the assembly an important sign of continuity of the plan”

“L’Shareholders’ Meeting today marks aimportant continuity in the plan that we are carrying forward to continue on the path of growth and development undertaken with 22 months of improving performance and compliance with financial targets. It’s about a new stage of a journey which will continue with the aim of seizing all the opportunities that arise from the evolution of the market”, Labriola finally said.