Deutsche Telekom extends CEO contract for 5 years

News General Germany 15 DEC 2021
Deutsche Telekom extends CEO contract for 5 years

Deutsche Telekom said it has extended the contract of chief executive officer Tim Hoettges for a further five years. He has served as CEO since 2014 and his current contract runs until the end of 2023.

The company’s supervisory board has also decided to propose Frank Appel, CEO of Deutsche Post, as its new chairman. He will stand for election at the shareholders' meeting in April next year, to succeed Ulrich Lehner.

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