On January 16, 2024, Telecom Italia S.p.A. announced that its directors will meet on January 18, 2024, to discuss drawing up a slate of candidates for shareholders to vote upon later this year which could hand CEO Pietro Labriola a second mandate at the helm. The Company stated that the renewal process for the former Company's board, whose term expires in April, comes as it is in the throes of a reorganisation linked to a planned 19-billion-euro ($20.7 billion) sale of its fixed-line access network to U.S. fund KKR (KKR.N). The Company added that on January 18, 2024, the directors would likely approve the guidelines to compile the slate of nominees, paving the way for the hiring of a firm to help the board to finalise the process by early March.

The Company also stated that its directors would also review a proposed reduction of the board members to 9 from 15.