Patuano resigns as Telecom Italia CEO (2)

Resignation pending corporate bodies approval

(ANSA) - Rome, March 21 - Telecom Italia said Monday that CEO Marco Patuano had tendered his resignation. "Telecom Italia announces that Chief Executive Officer Marco Patuano today handed in his resignation, which will become effective subject to the relevant corporate bodies' approval of the pertaining terms and conditions," a statement read. "Marco Patuano qualifies as non-independent executive director; as of today's date, he owns 70,000 ordinary shares and 30,000 savings shares in Telecom Italia S.p.A.".
    Telecom Italia's share price had posted strong gains in early trading on the Milan stock exchange after a statement was released saying that Patuano was in talks to step down.


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