Quantcast


Last updated: February 19. 2013 10:56PM - 90 Views

Story Tools:

Font Size:

Social Media:

(AP) Deutsche Telekom says chief executive Rene Obermann will step down at the end of 2013 after seven years at the head of the company.


The Bonn, Germany-based telecoms giant, whose broad portfolio of businesses includes U.S. cellphone carrier T-Mobile USA, says its supervisory board has accepted Obermann's resignation.


It said in a statement Thursday that chief financial officer Timotheus Hoettges will succeed Obermann at the head of the company in 2014.


Shares in the former state monopoly were up 0.2 percent at 8.61 ($11.40) on the Frankfurt exchange late Thursday.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com