Thursday, December 20, 2012

René Obermann to Step Down as CEO of DT in One Year

René Obermann will step down as CEO of Deutsche Telekom at the end of 2013 and has asked the company's Board of Directors not to renew his contract after that point. He will leave Deutsche Telekom after 16 years, of which he spent seven at the head of the company and 11 years as a member of the Board of Management.

Deutsche Telekom's current chief financial officer, Timotheus Höttges, has been named to succeed him as Obermann as of January 1, 2014.

“In the last few years we have found solutions for our key issues. Deutsche Telekom has the best network, the best customer service in the industry and is expanding its customer base with innovative products. As an employer, we have given the topic of cultural diversity new momentum, which has been recognized and even emulated beyond the company. Furthermore, we have driven a shift in the values at the company: Today, DT is defined by a culture of fairness and open cooperation. And the company also has a solid financial foundation. In short: this is the right time to prepare to pass the baton and ensure a smooth transition," stated René Obermann.

See also