TIM hereby informs that, meeting today, the Board of Directors of TIM Participações S.A. (TIM Brasil) has appointed Nicandro Durante Chairman and Pietro Labriola Chief Executive Officer of the Company; both take on the new role as of today, succeeding to João Cox and Sami Foguel respectively.
Nicandro Durante has 40 years of experience in the industrial sector, and has had several managing roles at British American Tobacco, where he became CEO in 2011. Born in Brazil and with Italian citizenship, he has a degree in Business Administration from the São Paolo Pontifical Catholic University.
Pietro Labriola has been in Telecom Italia for 17 years; from 2015 to 2018 he was Chief Operating Officer at TIM Brasil. Member of the Board of TIM Participaçoes since last February, he will carry on with the execution of the strategic plan of TIM Brasil.
Mr. Labriola has a Bachelor’s Degree in Economics and Business from the Università degli Studi di Bari and Master’s Degree in Innovation and Technology Management. He owns 70,000 Telecom Italia ordinary shares and 9,800 TIM Participações ordinary shares.
The Curriculum Vitae is attached.
Sami Foguel doesn’t own Telecom Italia or TIM Participações shares.
Rome, 3 April 2019