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 CEO
TIM PARTICIPAÇÕES S.A. (“Company”) (BM&FBOVESPA: TIMP3; NYSE: TSU), with reference to the Material Fact released on May 2nd, 2016, hereby informs its shareholders, the market in general and other interested parties that:
The Board of Directors, at the meeting held on May 11th, 2016 elected Mr. Stefano De Angelis as Chief Executive Officer of the Company, after the expiration of Mr. Rodrigo Modesto de Abreu three years’ term as Chief Executive Officer of the Company. Mr. Abreu presented a resignation letter from his position of Board Member. The Board of Directors manifested their gratitude to Mr. Rodrigo Abreu for the commitment, dedication and contribution to the Company´s development during his term and expressed the best wishes for his future professional journey.
Mr. Stefano De Angelis definitive investiture will take place after fulfillment of the procedure to be made before the Brazilian governmental authorities. Mr. De Angelis obtained a degree in Business and Economics and, since 1997, has worked for the Telecom Italia Group in several positions, such as: Head of Consumer and Small Enterprise Market of Telecom Italia Spa, CEO of Telecom Argentina and CFO of TIM Brasil.
Rio de Janeiro, May 11th, 2016.
TIM Participações S.A.
Rogério Tostes
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: May 11, 2016 | By: | /s/ Rogério Tostes | |
Name: Rogério Tostes | |||
Title: IRO |
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.