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Telecom appeals to the Head of State for golden power: Recchi leaves

To avoid sanctions in the exercise of golden power, the telephone company appeals to the Head of State – – De Puyfontaine: “Technical choice, we have the best relations with the government and Palazzo Chigi” – Meanwhile, vice president Recchi is leaving

Telecom appeals to the Head of State for golden power: Recchi leaves

Telecom Italia appeals to the Head of State on the exercise of golden power, ie on the exercise of special powers by the Government. The decision taken yesterday by the telephone company should not be considered as an act hostile to the Government but as a precautionary form to avoid an economic penalty in relation to failure to notify the authorities on previous corporate changes.

"As has been said, it is a technical appeal, a technical measure, we have the best relations with the government and Palazzo Chigi: it is only a calendar problem, a technical decision", confirmed today Arnaud de Puyfontaine, president of Telecom Italia and CEO by Vivendi.

Also yesterday, the Vice-President of Telecom Italia, Giuseppe Recchi, made it known that he intends to leave the security delegations for new professional commitments, but will continue to remain on the Board. “He told me yesterday that he was about to announce a new job – clarified de Puyfontaine – Since this new responsibility is not compatible with being able to maintain responsibility within security, we announced it yesterday”.

At the end of last September, on the occasion of the arrival at the helm of Telecom Italia of the Israeli Amos Genish, the vice president Recchi (former president of Telecom Italia) 'sensitive' proxies had been entrusted such as those of the chairmanship of the strategic committee as well as "the organizational responsibility of the Security function responsible, among other things, for overseeing all activities and assets relevant to national security and defense within Tim and the other Italian companies of the group, especially Sparkle and Telsy”. The choice had fallen on the Italian manager also due to the decision of the Italian Government to activate the special powers envisaged in the "golden power" legislation specifically in relation to Telecom Italia's strategic assets.

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