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This article was published on December 20, 2012

    Deutsche Telekom CEO René Obermann will step down in Dec 2013; CFO Tim Höttges to succeed him

    Deutsche Telekom CEO René Obermann will step down in Dec 2013; CFO Tim Höttges to succeed him Image by: HENNING KAISER
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    After 16 years at Deutsche Telekom, chief executive officer René Obermann will be leaving the global telecommunications juggernaut by the end of next year, as the company’s Supervisory Board has agreed to his request for the termination of his employment contract and appointment as CEO as of December 31, 2013.

    The Board agreed to this request in today’s meeting and said CFO Timotheus Höttges, who has been with Deutsche Telekom since 2000, will succeed him as of January 1, 2014.

    Obermann commented on the news thusly:

    “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. I will work closely with Tim Höttges on this.”

    Obermann spent seven at the helm of the company and 11 years as a member of the Board of Management.

    In a statement, Obermann says he wants to move “closer to operational activities than would otherwise be possible for the CEO of an international corporate group and take on even more entrepreneurial activities.”

    Image credit: HENNING KAISER for AFP / Getty Images