Deutsche Telekom Settles Succession Planning

Deutsche Telekom is setting the course for continuity in the chairmanship of the Board of Management. Tim Höttges will be available to the company for another five years. His current contract runs until the end of 2023.

Supervisory Board proposed Frank Appel, CEO of Deutsche Post DHL Group, as its new chairman. He will stand for election at the shareholders' meeting on April 7 next year to succeed Ulrich Lehner, who is not available for a further term of office for reasons of age.

"My curiosity, my willingness to change, and my will to transform are unbroken. We have important tasks ahead of us, and I approach the next five years with corresponding humility and respect. We know what we must do. Our goal is formulated: Having made Telekom the leading European telecommunications company, we now want to become the leading digital telecommunications company as well," said Tim Höttges.