Deutsche Telekom CEO to step down next year
Published: 20 Dec, 2012 CET.
Updated: Thu 20 Dec 2012 16:30 CET
German telecoms giant Deutsche Telekom said on Thursday that its chief executive Rene Obermann would step down early, at the end of 2013, and was being replaced by its finance chief.
The company said Obermann, whose contract had been due to run until end-October 2016, had asked the supervisory board to release him from his duties from end-December next year and it had approved the request.
Obermann said in a statement that he wished to get more involved in daily operations again.
"I want more time for customers, product development, and techology," he said.
He has held the top job at Telekom since 2006.
Replacing him will be finance chief Timotheus Höttges, who will assume the CEO job in January 2014, and from next month become deputy CEO in addition to his current duties, a company statement said.
AFP/DPA/The Local/mry
Comments
See Also
The company said Obermann, whose contract had been due to run until end-October 2016, had asked the supervisory board to release him from his duties from end-December next year and it had approved the request.
Obermann said in a statement that he wished to get more involved in daily operations again.
"I want more time for customers, product development, and techology," he said.
He has held the top job at Telekom since 2006.
Replacing him will be finance chief Timotheus Höttges, who will assume the CEO job in January 2014, and from next month become deputy CEO in addition to his current duties, a company statement said.
AFP/DPA/The Local/mry
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.