Italy's RCS picks Microsoft exec for turnaround

Newswire

MILAN, May 25 (Reuters) - Italian loss-making publisher RCS MediaGroup picked Pietro Scott Jovane, the head of Microsoft Italy, to become its chief executive and lead the business turnaround, the company said on Friday. The Milan-based publisher also decided to enter talks with France's Gallimard over the sale of its French publishing unit Flammarion, a move that would help cut its almost 1 billion euros ($1.3 billion) of net debt. U.S.-born Jovane, 43, started to work at Microsoft in 2003 ...

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