Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
TIM PARTICIPAÇÕES S.A.
Publicly-Held Company
Corporate Taxpayer's ID (CNPJ/MF): 02.558.115/0001-21
Corporate Registry (NIRE): 33 300 276
MATERIAL FACT
APPOINTMENT OF NEW CEO
TIM PARTICIPAÇÕES S.A. (“Company”) (B3: TIMP3; NYSE: TSU), in compliance with Article 157 of Law No 6,404 and the provisions of CVM Instruction No 358, hereby informs its shareholders, the market in general and other interested parties that:
The Company’s Board of Directors names Mr. Pietro Labriola as the new Chief Executive Officer, position which he will hold alongside his role as board member of the Company.
With over 20 years of experience in the telecommunications sector, Mr. Labriola held the position of Chief Operating Officer at TIM Participações S.A. between December 2015 and August 2018. Prior to this, he held several relevant positions in the Telecom Italia group. Mr. Pietro Labriola is an Italian citizen, with a degree in Administration from Università degli Studi di Bari, and masters in Innovation and Technology Management from ASMIT Advanced School of Bari, Italy.
The Board of Directors manifested its gratitude to Mr. Sami Foguel, who leaves the Company, for his contribution during his term and expressed the best wishes for his future professional journey.
Rio de Janeiro, April 3rd, 2019.
TIM Participações S.A.
Adrian Calaza
Chief Financial Officer and
Investor Relations Officer
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TIM PARTICIPAÇÕES S.A. | |||
Date:March 28, 2018 |
By: | /s/ Adrian Calaza | |
Name: Adrian Calaza | |||
Title: Chief Financial Officer and Investor Relations Officer TIM Participações S.A. |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.