Deutsche Telekom CEO Stepping Down Next Year
Deutsche Telekom today announced that CEO Rene Obermann will vacate his leadership post in December 2013. The company has already announced that current CFO Timotheus Höttges will succeed Obermann after he leaves. Obermann has been CEO of Deutsche Telekom for seven years, and with the firm for a total of 16 years. Obermann will work closely with Höttges to ensure a smooth transition. Deutsche Telekom is the parent company of T-Mobile USA. Obermann played a vital role in attempting to sell T-Mobile USA to AT&T in 2011, and later merging the company with MetroPCS. The MetroPCS merger should be finalized by mid-2013, before Obermann's departure.