Telecom Italia names new CFO

Telecom Italia (TIM) has named Giovanni Ronca as chief financial officer reporting directly to CEO Luigi Gubitosi.

After a transition period Ronca will become CFO as of 17 June, replacing Piergiorgio Peluso.

Peluso, as of that date, will report to Gubitosi, managing the Group’s strategic projects and extraordinary operations.

Ronca was co-head of UniCredit commercial bank network in Italy and member of the executive committee of the bank until March. From 2014 to 2016 he was based in New York as Head of UniCredit activities for North and South America.

Previously he was managing director of the Corporate an Investment Banking Italy Network and head of corporate banking for the region.