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Fibercop, CEO Luigi Ferraris ready to leave due to disagreements with Kkr. Today's board meeting is decisive

Luigi Ferraris could resign as CEO of Fibercop after six months, due to differences with Kkr on the industrial plan. The issue will be discussed today during the Board of Directors

Fibercop, CEO Luigi Ferraris ready to leave due to disagreements with Kkr. Today's board meeting is decisive

Luigi Ferraris could to leave the armchair of CEO of Fibercop djust six months after joining the company, born from the former Tim network. The news, anticipated by Corriere della Sera and confirmed by sources of Milano Finanza, despite the company's official denial, is causing controversy.

The CEO, at the helm of the company controlled by american fund Kkr (majority shareholder) with shareholdings of Tesoro (16%) and del F2i fund (11,2%), is seriously considering the possibility of resigning. Let's see what is happening and what the future scenarios could be.

Resignation issue at the centre of Fibercop board of directors

According to what has emerged, the issue of Ferraris' resignation should be addressed during the Fibercop Board of Directors, expected for today thursday january 23rd. The Board of Directors, already set for discuss the new industrial plan and other priorities, could become the scene of a decisive confrontation. Internal sources report that, although not formally requested by shareholders, a decision regarding resignation could be accepted by the board. If Ferraris decides to leave, the proxies could be temporarily redistribute within management, as provided for by the statute, pending the appointment of a new CEO who will have to obtain the approval of the Treasury and reflect the strategic objectives of the group.

Fibercop: Why Ferraris Might Leave?

Behind the possible Ferraris farewell there are difficulties in managing the 12 billion euro plan for network development, linked to the objectives of the 1 Giga Pnrr Italia, which expires in June 2026. The contrasting visions among the members have clearly emerged: the American fund, oriented towards a market logic, and the Treasury, which must consider public interests, have created difficulties in the decision-making process. Furthermore, there have been disagreements between Ferraris and the president Massimo Sarmi, representative of the Treasury in the Board of Directors, as well as with the Kkr fund, which is particularly active in the management of the company. The financial director also Other Rogowsky, at the centre of the American fund's reserves, could see its position revised shortly.

Some analysts believe that the former number one of Fs represented the ideal profile to manage the delicate phase of separation of Fibercop from Tim, but less suitable to lead the company in the implementation of the new industrial plan. This may have contributed to the growing tension with shareholders.

The future of Fibercop: between the merger with Open Fiber and the role of the government

The future of Fibercop is closely linked to the possible merger with Open Fiber for creating one single national network. Kkr seems ready to negotiate with its rival, but the operation is hampered by antitrust challenges and by the overlap in the black areas, the most profitable and competitive, where the two networks intertwine. Another major obstacle is the role of the government, minority shareholder in Fibercop and majority shareholder in OF through Cdp (60%) and the Macquarie fund (40%), which makes the situation particularly complex.

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