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July 16, 1997updated 05 Sep 2016 12:17pm

OLIVETTI CHIEF LEAVES AFTER ONLY FOUR MONTHS

By CBR Staff Writer

After only four months at the helm of Olivetti Personal Computers SpA, Alessandro Barberis has jumped ship. The news comes a few months after the company was brought back from the brink when it was purchased by Piedmont International Ltd (CI No 3,112), and just a week after the new parent company announced it had secured $65m in cash from majority shareholder Centenary Corp. Barberis is said to have been instrumental in securing the first stages of the company’s capitalization, reports the Wall Street Journal.

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