Deutsche Telekom finance chief to replace CEO Obermann
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. . . .
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