Italy’s state lender appoints new CEO for open fiber

Cassa Depositi e Prestiti (CDP) has picked Giuseppe Gola as the new head of its broadband unit Open Fiber, the Italian state lender said on Thursday.

Gola, a former executive at Rome-based utility Acea and Italian telecoms group Wind, will replace Mario Rossetti, who stepped down earlier this month after less than two years in the role.

The new executive will be in charge of drafting a business plan and renegotiating a 7.2-billion-euro ($7.6 billion) financing deal with banks, according to sources close to the matter.

Rossetti’s departure is linked to disagreements over strategy with some key figures within Italian Prime Minister Giorgia Meloni’s government, the same sources said. Reuters