Italtel Names New CEO, Chairman

MILAN -- With the approval of a 341 million euro bank financing and a 70 million euro capital increase, Italtel debt re-financing programme is completed and made fully effective. Italtel shareholders also appointed Umberto de Julio as new Chairman while Stefano Pileri joined the Italtel Group as company’s new CEO.

“We positively ended a crucial period for Italtel. The approval of the re-capitalization and re-financing plans pave now the way for us to achieve the goals we set in our industrial plan” CEO Stefano Pileri said. “Starting from today – he added – thanks to the renewed support from our shareholders, we look at our future with new optimism as we put Italtel back on a success path with all our assets in terms of competitiveness and top level technological knowledge”.

Italtel SpA