OREANDA-NEWS. Rene Obermann, Chairman of the Board of Management of Deutsche Telekom AG, will leave the company on December 31, 2013 of his own accord. Having worked for Deutsche Telekom for 16 years, with eleven years as a member of the Board of Management and seven as its CEO, he would like to be more deeply involved in day-to-day business operations and take over more entrepreneurial tasks. Timotheus Hottges, currently Chief Financial Officer of Deutsche Telekom AG, will succeed him as CEO.

Hottges has been with Deutsche Telekom since 2000. He joined the Group as Finance Director of T-Mobile Germany, where he later took over as Chairman of the Management Board, before becoming Chief Sales and Service Officer for Deutsche Telekom's European mobile communications activities in 2004. He was appointed member of the Group Board of Management responsible for the German fixed-line business in 2006 and was appointed Chief Financial Officer of Deutsche Telekom in 2009. The Supervisory Board of Deutsche Telekom AG approved the management handover last year.

Thomas Dannenfeldt, currently Managing Director, Finance and Controlling, responsible for the Group's German business activities, will take over as Chief Financial Officer effective January 1, 2014.