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New five-year contract for René Obermann as Deutsche Telekom CEO

Staff writer |
Bonn, Germany - December 20, 2010, Bonn, Germany - The supervisory board of Deutsche Telekom took the decision to extend René Obermann's contract as chairman of the board of management of Deutsche Telekom AG until the end of October 2016.

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Mr. Obermann current contract expires on October 31, 2011. The new contract will run until the end of October 2016. The new Fix - Transform - Innovate strategy, which extends to 2015, was unveiled by the Board of Management under Mr. Obermann’s leadership in March 2010, with the support of the Supervisory Board.

Mr. Obermann has been Chief Executive Officer of Deutsche Telekom since November 2006. He joined the Group in 1998 as the Managing Director Sales for T-Mobile Deutschland GmbH. In April 2000, he became Chief Executive Officer of T-Mobile Deutschland. Internationally, he assumed responsibility for the European business of T-Mobile International AG & Co. KG one year later as the Board Member for European Operations and Group Synergies.

From the end of 2002 to December 2006, he was CEO of T-Mobile International AG & Co. KG and the Deutsche Telekom Board Member for Mobile Communications.

Mr. Obermann’s career began with a business traineeship at BMW in Munich. Following that, he set up his own business ABC Telekom in Münster in 1986. He became Managing Partner of Hutchison Mobilfunk GmbH, the successor of ABC Telekom, in 1991. From 1994 to 1998, he was Chairman of the company’s Management Board.

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