Reuters: Telecom Italia CEO considering resignation

|About: Telecom Italia S.P.A. (TI)|By:, SA News Editor

Telecom Italia (TI -1.6%) CEO and Chairman Franco Bernabe is considering resigning at a board meeting scheduled for next Thursday, Reuters reports, citing a source.

Bernabe has guided the embattled telco with a contrarian approach. He resisted pressure to sell TI's LatAm operations at a parliamentary hearing this week and had opposed a capital raise back in Aug. before caving this week as the company faces a looming downgrade of its debt to junk.