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Telecom Italia CEO to step down: sources

Published Sun, Mar 20, 2016 · 09:50 PM

Milan

TELECOM Italia chief executive Marco Patuano is stepping down, four sources close to the matter said on Saturday, ending weeks of speculation about his future as top shareholder Vivendi tightens its grip.

Mr Patuano's resignation will be formalised in the next few days, a fifth source said. Mr Patuano, 51, whose mandate was due to run for another year, was not available for comment.

His relations with Vivendi have been tense since the French media…

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Companies & Markets

Telecom Italia CEO to step down: sources

Consumer & Healthcare

Lululemon to shutter Washington distribution center, lay off 128 employees

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

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