Sky Italia Chief Is Said to Resign to Run Bain-Backed Tech Firm

(Bloomberg) -- Maximo Ibarra, the head of Comcast Corp.’s Sky Italia, is set to resign and will take the top role at an Italian tech firm backed by Bain Capital, according to people familiar with the matter.

Ibarra, who took over at the Italian pay-TV company in October 2019, will leave Sky at the end of July, the people said, asking not to be mentioned since his plans aren’t public. The executive last month failed to win a TV rights deal with the top Italian soccer league, ending Sky’s almost two-decade era as the main domestic broadcaster of one of the world’s most prestigious tournaments.

At the tech firm he’s set to join, Engineering Ingegneria Informatica SpA, Ibarra’s goals will include doubling the company’s sales in the next three years and listing it on the Milan Stock Exchange, said the people. The 52-year-old CEO previously ran Royal KPN NV, the former Dutch phone monopoly.

A spokesman for Sky Italia declined to comment.

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