InfoAnda - Deutsche Telekom finance chief to replace CEO Obermann |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China to launch next lunar space mission | 10 September 2010
Mich. police: Texas man used 5-month-old as shield | 8 August 2009
JetBlue Guy: Hollywood's most wanted | | 17 August 2010

"Google phones" gaining market momentum | 8 October 2009

Forum Views () Forum Replies ()

Read more with google mobile : Deutsche Telekom finance chief to replace CEO Obermann |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Steven Brill Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Slideshow Pictures Our best science photos of 2012 The year that was in science and technology images. Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Mexico's ethnic Maya unmoved by 2012 'Armageddon' hysteria 19 Dec 2012 Putin backs tit-for-tat response to U.S. rights law 12:39pm EST Videogames under fire, Hollywood lays low after school shooting 19 Dec 2012 "Fiscal cliff" talks turn sour, Obama threatens veto | 19 Dec 2012 Republicans push own "fiscal cliff" plan; talks frozen | 3:50pm EST Discussed 121 Republicans put squeeze on Obama in ”fiscal cliff” talks 111 Connecticut gun rampage: 28 dead, including 20 schoolchildren 79 White House won’t accept new tax offer from Republican leader Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Tragedy in Newtown Mourning the victims of the Sandy Hook school shooting. Slideshow Person of the Year Previous picks for Time's Person of the Year. Slideshow Sponsored Links Deutsche Telekom finance chief to replace CEO Obermann Tweet Share this Email Print Related News KPN shares drop on dividend cut, costly licenses Mon, Dec 17 2012 REFILE-UPDATE 2-Dutch 4G frequency auction raises more than expected Fri, Dec 14 2012 D. Telekom hopes investments will soften dividend blow Fri, Dec 7 2012 German stocks - Factors to watch on December 7 Fri, Dec 7 2012 UPDATE 2-Deutsche Telekom cuts dividend by almost a third Thu, Dec 6 2012 Analysis & Opinion The Deutsche allegations Related Topics Tech » 1 of 3. File picture shows designated new finance chief Timotheus Hoettges (L) and Rene Obermann, CEO of Deutsche Telekom AG before the annual news conference in Bonn February 27, 2009. Credit: Reuters/Ina Fassbender/File By Maria Sheahan and Christoph Steitz FRANKFURT | Thu Dec 20, 2012 1:14pm EST FRANKFURT (Reuters) - Deutsche Telekom chief executive Rene Obermann has unexpectedly announced he will step down at the end of 2013 and be succeeded by finance director Timotheus Hoettges. Hoettges, 50, said on Thursday he was not planning major changes to strategy and would continue Obermann's drive of investing in the United States and Germany as the firm battles to return to revenue growth against a tough economic backdrop. "I have worked with Obermann for 12 years, and I don't expect to change a lot in the way that we do things," he told journalists during a conference call. He is, however, expected to bring a fresh spark to Germany's former state telecoms monopoly, as he is considered by analysts to have the energy to take on challenges and an ability to absorb knowledge. But he has a big job ahead of him. The European telecoms industry is struggling with sluggish economic growth, costly investments and cut-throat competition, and on top of that Deutsche Telekom has had its hands full with trying to fix its troubled T-Mobile USA business. The German government, Deutsche Telekom's biggest shareholder with a 32 percent stake, said it welcomed the choice of Hoettges as new CEO because it promised continuity. "The chief strategist so far becoming the new captain indicates that the course will be held," a spokesperson for the finance ministry told Reuters. Hoettges joined the group in 2000 after playing a central role in the merger of VIAG AG and VEBA AG to form E.ON, now Germany's biggest utility. In 2009, he was promoted to finance chief at Deutsche Telekom and, among other things, oversaw the move to put its British mobile business in a joint venture with France Telecom,. "Hoettges is extremely good as a CFO, he's well respected by investors, but it remains to be seen whether he has the vision and political clout to succeed as CEO," Espirito Santo analyst Will Draper said. Hoettges said the company had not yet decided on a new finance director to replace him. THE ENGINE ROOM Obermann was the youngest-ever chief executive of a German blue-chip firm at the time when he took over in 2006, aged only 43. He gained a reputation for being eager to keep unions and politicians happy and wary of making big strategic decisions. One of his boldest moves was a deal to sell T-Mobile USA, to AT&T, but it collapsed last year amid concerns from competition regulators, dealing a blow to Obermann's reputation. T-Mobile USA was a growth engine for Deutsche Telekom in its early days but is a rundown asset now that has been haemorrhaging customers. Deutsche Telekom is now trying to merge the business with smaller rival MetroPCS. Obermann said he was leaving to work for a smaller company where he was "closer to the engine room" than he could be at an international corporation, without providing details. Analysts were split over whether to believe Obermann's assurances that he was leaving of his own volition. "If the board or the main shareholders were unhappy about the CEO's performance, they probably would have appointed an outsider, not the CFO, who also has been responsible for what has happened at the company over the last few years," Exane BNP analyst Mathieu Robilliard said. Espirito Santo's Draper meanwhile said: "Obermann has had a lot of opportunity to fix the U.S. and yet it still remains Deutsche Telekom's biggest problem." Obermann also disappointed investors with a bigger than expected dividend cut announced earlier this month as the company's investment drive eats away cash. European peers Telefonica, the Netherlands' KPN, Telekom Austria, and France Telecom had already cut their dividends earlier this year, hurt by a weak economy and fierce competition that has driven down prices. Deutsche Telekom shares closed 0.5 percent higher at 8.63 euros, outperforming a 0.2 percent fall in the STOXX Europe 600 European telecoms index. (Additional reporting by Paul Sandle and Rene Wagner; Editing by Mark Potter and Helen Massy-Beresford) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 21 December 2012
WikiLeaks' Assange says door open to end London stand-off |
South Africa's Mandela has steadily improved: Zuma |
South Africa's Zuma pledges ANC renewal to dispel doubts |
U.N. authorizes African force to take on al Qaeda in Mali |
Kenya approves new, more independent, head of police |
French national kidnapped in northern Nigeria |
U.S. government report faults Bahrain 2011 labor crackdown |
Deutsche Telekom finance chief to replace CEO Obermann |
Vatican takes first spot in Internet domain name draw |
Vatican says pope beats Justin Bieber on re-tweets |
Telenor warns Europe falling behind U.S. in telecoms |
Syrian rebels fight for strategic town in Hama province |
Analysis: Japan's new cabinet likely to be long on loyalty, short on reform |
Analysis: Allies to lose socialist patron if Venezuela's Chavez goes |
Jailed Briton seeks to overturn Florida murder conviction |
Mexican President Pena Nieto picks central bank deputy governor |
Israel complains to U.N. about rearming by Hezbollah |
Mandela has steadily improved: Zuma |
Panasonic to appeal EU ruling on cathode-ray tube cartel |
Apple presses case for Samsung sales ban in appeals filing |
Instagram retreats on some service terms after backlash |
Red Hat revenue beats estimates on subscription gains |
Mobile game companies race to make it to the holiday app charts |
RIM shares slump as service revenue, subscriber concerns weigh |
Facebook tests charging users to send certain messages |
It's a Wonderful Life is top Christmas film with critics |
Comedienne Rebel Wilson to host MTV Movie Awards |
Judd Apatow makes it a family affair in 'This is 40' |
Hundreds pay tribute to legendary Indian sitarist Ravi Shankar |
Clashes as Egyptian Islamists stage rally |
Italy Prime Minister Monti resignation expected on Friday |
Russian lawmakers back adoption ban in row with U.S. |
Public fury over New Delhi gang-rape sparks protest across India |
Sunni protests flare after Iraqi minister's staff held |
Raiders armed with machetes burn Kenya village, kill 30 |
Sarkozy under fire over 2012 campaign spending |
EU, Russia condemn Israeli settlement expansion plans |
South Africa's soothing Ramaphosa leads ANC charm offensive |
RIM shares fall at the open after earnings |
Nokia patent deal with RIM to lift finances |
Google executives acquitted in Milan autism video case |
RIM's new services model to pressure margins: analysts |
BT ordered to repay overcharged comms providers |
Cogeco to buy Peer 1 for C$526 million to boost data hosting |
Hutchison's Orange Austria buy clears last hurdle |
Moroccan road film subverts Hollywood stereotypes |
It's a Wonderful Life is top Christmas film with critics |
Soap operas give Brazil the edge in Mozambique rush |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01