Prysmian Next CEO Says He’ll Focus on Selective M&A, Payouts (1)

Prysmian SpA’s next chief executive officer said he’ll focus on increasing shareholder returns while selectively looking for deals to generate synergies for the Italian cable maker once he takes over in the spring.

Massimo Battaini, 62, who’s set to start as CEO in April, said in his first interview after being tipped for the job that the firm’s recent results should allow it to “to reach one euro of annual dividend by 2027.”

Massimo Battaini

Source: Prysmian SpA

Milan-based Prysmian on Thursday posted full-year adjusted earnings before interest, taxes, depreciation, and amortization of €1.63 billion ($1.8 billion), beating estimates of €1.62 billion, and ...