In Tim the construction of the new business plan which will be definitively approved on March 2nd. At the same time the new CEO, Pietro Labriola, strengthens its team with the appointment of a new Chief Financial Officer in the person of Adrian Calaza.
Yesterday Labriola illustrated even more in detail to the board of directors the lines of the new plan which he is completing and which will be based on overcoming the current vertical integration, i.e. on the division of the group in two: on the one hand the service area and on the other that of network infrastructure.
Growth areas in the new Tim plan
In particular, in yesterday's meeting, Labriola focused his attention on different growth areas, each of which requires "different and specific" development models, and above all in the Large Customers area, in which "Cloud, IoT and Cybersecurity services represent a development driver of the country's digitization supported by the PNRR".
The future of Tim Brazil
The other area that was at the center of the board of directors yesterday was that of Brazil, which Labriola managed successfully until a few weeks ago and which represents “a high-growth area, which will strongly benefit from the synergies deriving from the acquisition of Oi's mobile assets, the launch of 5G and a strategy of continuous enhancement of the customer base through dedicated partnerships, including banking and entertainment”.
In each area, the new plan will identify the business model that can ensure the greatest development in terms of innovation, profitability and value creation.
Labriola's team
In this context, Labriola is thinking of strengthening Tim's top management team and, after appointing the new network manager in recent days Stephen Siragusa and for consumer revenues the former Vodafone Andrea Rossini, yesterday chose the new chief financial officer in the person of Adrian Calaza who has long worked in the Tim group especially in South America and Brazil.
